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Puerto Rico Electric Power Authority (PREPA)

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SAN JUAN — The oversight board for Puerto Rico, created by Congress, will hold public hearings on Thursday and Friday to certify revised fiscal plans for the commonwealth, the board said today. The board is expected to approve plans for the commonwealth, as well as the island’s utility, Puerto Rico

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SAN JUAN — Hundreds of thousands of people across Puerto Rico were left without power today after another widespread outage, forcing the island’s main public hospital and international airport to switch to backup generators as the U.S. commonwealth struggles to recover from Hurricane Maria. The island’s Electric Power Authority said a

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SAN JUAN  — Puerto Rico’s benchmark bond surged to a 25-week high on Monday, its busiest trading day since October, after the bankrupt U.S. commonwealth nearly doubled its projected five-year surplus to $6 billion as it recovers from Hurricane Maria. While the price rise is being taken as a sign

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SAN JUAN — A blackout hit Puerto Rico’s capital and surrounding areas today after two of the U.S. commonwealth’s main power plants shut down as officials warn the power company is struggling to remain operational. The capital of San Juan was left without power, along with the neighboring municipalities of

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SAN JUAN — Puerto Rico’s beleaguered electric utility has received court approval to borrow $300 million to help pay expenses, well below the $1.3 billion initially sought but enough to avert power outages it had warned about. On Monday, U.S. District Court Judge Laura Taylor Swain approved the loan which

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SAN JUAN — Puerto Rico’s bankrupt power utility, PREPA, is close to replacing former Executive Director Ricardo Ramos, a member of the utility’s board said on Thursday during a panel discussion on the U.S. commonwealth’s storm-ravaged energy sector. PREPA’s governing board is vetting several potential hires referred by a consultant

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SAN JUAN — Puerto Rico‘s governor said on Monday he intends to sell off its troubled power utility to the private sector, saying the process could take roughly 18 months to complete. The Puerto Rico Electric Power Authority (PREPA) has yet to recover fully from the devastation wrought by Hurricane

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WASHINGTON — Puerto Rico’s electrical grid is unlikely to be fully restored until the end of May, the head of the U.S. Army Corps of Engineers said Wednesday — months longer than the timeline offered by the island’s governor. Lt. Gen. Todd Semonite, commanding general and chief engineer for the

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BIG MISTAKE: Gov. Kenneth Mapp did not distance himself, or the territory, from the PREPA Whitefish Scandal that has inflamed the U.S. Congress. Here Senator Lisa Murkowski (R-Alaska) and Gov. Ricardo Rossello join hands with Mapp. WASHINGTON — Puerto Rico’s electric utility on Tuesday defended its decision not to seek

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WASHINGTON — The Virgin Islands Water and Power Authority CEO told the Senate Energy and Natural Resources Committee on Tuesday that the St. Thomas and St. Croix hospitals owe $36 million to WAPA. WAPA CEO Julio Rhymer said that because of inequities in the way federal Medicare and Medicaid are calculated

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