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Puerto Rico Electric Power Authority (PREPA)

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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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[ad name=”HTML-68″] 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

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[ad name=”HTML-68″] 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

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[ad name=”HTML-68″] 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

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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. [ad name=”HTML-68″] WASHINGTON — Puerto Rico’s electric utility on Tuesday defended its decision not

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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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[ad name=”HTML-68″] SAN JUAN — Puerto Rico’s government power company didn’t follow its lawyers’ advice when it agreed to a $300 million grid-construction contract with Whitefish Energy Holdings LLC, according to documents released a House committee probing the now-canceled deal. Documents provided by the public power monopoly known as PREPA

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NOVEMBER RAIN: Although it is the rainy season in the Virgin Islands, the territory seems to have had more rain than normal after Hurricanes Irma and Maria. [ad name=”HTML-68″] SAN JUAN — A large area of downpours and locally gusty thunderstorms will continue to affect our part of the region,

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