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Cathy Kunkel
Finally, some good news for electricity ratepayers in Puerto Rico
A massive liquefied natural gas (LNG) project in Puerto Rico that would have diverted funds from badly needed development of solar power and would have kept electric power costs high has been officially cancelled. Last week, Excelerate Energy, the company that planned to develop a natural gas import terminal in Puerto Rico, requested that the […]
Cathy Kunkel
Energy Bureau should reject outdated market structures from mainland states; avoid trap of promoting large natural gas facilities
Puerto Rico has a historic opportunity to rebuild its electrical system and phase out its obsolete oil-fired generation in favor of a much more decentralized and reliable system based on renewable energy. To do that, the island must design a regulatory framework that maximizes the penetration of renewable energy and empowers the creation of locally-based […]
Cathy Kunkel
Little Rationale for a Port Complex That Would Support the Status Quo
In shelving its review of the economic viability of a proposed natural gas import complex off the south coast of the island, the Puerto Rico Energy Commission last week took a policy step in the right direction. The Aguirre Offshore Gas Port (AOGP) would bring additional liquefied natural gas into the commonwealth for electricity generation, […]
IEEFA
Wall Street Journal: A $380 million offshore gas project in Puerto Rico is stalling, caught up in the fallout from a $9 billion utility bankruptcy. Excelerate Energy LP gave notice last week it had canceled contracts with Puerto Rico’s electric utility to construct a floating natural gas terminal off the island’s southern coast. The cancellations […]
IEEFA Puerto Rico: Massive liquefied natural gas project dead
Finally, some good news for electricity ratepayers in Puerto Rico
A massive liquefied natural gas (LNG) project in Puerto Rico that would have diverted funds from badly needed development of solar power and would have kept electric power costs high has been officially cancelled. Last week, Excelerate Energy, the company that planned to develop a natural gas import terminal in Puerto Rico, requested that the […]