Puerto Rico Electric Power Authority

Fifth Time's a Charm? Puerto Rico Power Utility Taps Another CEO

Puerto Rico’s bankrupt power utility named yet another chief executive officer, turning this time to an insider with an inexpensive salary after a …

Caribbean

Puerto Rico power utility board quits, leaving leadership void

CHICAGO/NEW YORK (Reuters) - Five of the seven board members of the bankrupt Puerto Rico Electric Power Authority - including its CEO, named one day ago - resigned on Thursday, leaving the utility with no leadership amid a massive restructuring effort following the devastation wrought by Hurricane …

News (U.S.)

Majority of Puerto Rico power utility resigns over 'petty' politics

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Stock Markets

Puerto Rico's New Electric Utility Chief to Get $750,000 Salary

Puerto Rico’s bankrupt electric utility is getting a new boss: for $750,000 a year. Former General Electric executive Rafael Diaz-Granados will …

Puerto Rico

Mammoth Energy +5% as Barclays boosts price target

Mammoth Energy Services (TUSK +5.7%) powers higher after Barclays maintains its Overweight rating and raises its stock price target to $49 from $42, …

Business

Puerto Rico’s deadly record blackout is almost over

Unfortunately, we’re already in another hurricane season.<p>The second-largest blackout on record worldwide is finally just about over.<p>More than nine months after Hurricane Maria struck, the Puerto Rico Electric Power Authority is reporting that it has restored power to 99.9 percent of its …

Politics

Puerto Rico utility says privatization push trumps solar contract

Puerto Rico’s beleaguered electric utility has called for a court order to block a solar power company’s bid in the island’s restructuring to enforce a power-purchasing agreement, arguing its planned privatization should determine the contract’s fate.<p>The Puerto Rico Electric Power Authority (PREPA) …

Caribbean

MasTec awarded PREPA power contract

MasTec (MTZ +2.4%) has signed a master services agreement with the Puerto Rico Electric Power Authority to complete the restoration of the critical …

Puerto Rico

Mammoth Energy +16% as Cobra inks $900M deal for Puerto Rico work

Mammoth Energy Services (TUSK +16.1%) surges after its Cobra Acquisitions subsidiary signs a $900M contract with the Puerto Rico Electric Power …

Puerto Rico

About 14,500 in Puerto Rico still don't have power

Sunday marked eight months since Hurricane Maria devastated Puerto Rico, and about 14,500 people there still don't have electricity.<p>Puerto Rico …

Puerto Rico

FEMA Stops Working On Restoring Puerto Rico's Electricity

The Puerto Rico Electric Power Authority is now in charge of restoring the island's power grid, which Hurricane Maria badly damaged last year.<p>Just …

Caribbean

Corps leaving Puerto Rico with hurricane recovery unfinished

Image 1of/13<p>Caption<p>Close<p>YABUCOA, Puerto Rico (AP) — The Army Corps of Engineers is ending its work to rebuild Puerto Rico's electric grid, despite …

Caribbean

Thousands of Puerto Ricans Are Still in the Dark While U.S. Agencies Leave

Eight months after Hurricane Maria ravaged Puerto Rico’s power grid, causing the largest blackout in U.S. history, more than 98 percent of the people …

Economics

Unions sue to void Puerto Rico oversight board, block utility sale

(Reuters) -<p>The federal board overseeing Puerto Rico’s restructuring should be shut down and the island’s government barred from selling its bankrupt electric utility, according to a lawsuit filed by labor groups and others opposing a sale.<p>Two employee unions and a group representing retirees of the …

Caribbean

Puerto Rico's governor says power should return within a month

WASHINGTON (Reuters) - Puerto Rican Governor Ricardo Rossello on Wednesday said he expects electricity to be restored across the U.S. territory within a month, but warned that the island's infrastructure needed to be strengthened ahead of the upcoming hurricane season.<p>"The expectation is that ... …

Caribbean

Puerto Rico Restores Electricity After This Week's Outage

Electricity has been restored in Puerto Rico following an outage on Wednesday that left the island in darkness. It was the first island-wide blackout since Hurricane Maria swept through the U.S. territory in September.<p>A transmission line was accidentally damaged by an excavator, reported The …

Caribbean

Puerto Rico Restores Electricity After This Week's Outage

Support the news<p>Electricity has been restored in Puerto Rico following an outage on Wednesday that left the island in darkness. It was the first …

Caribbean

Power in Puerto Rico restored after islandwide blackout

Power was restored across the island of Puerto Rico on Thursday afternoon — a day after an islandwide blackout crippled the U.S. territory seven months after the devastation of Hurricane Maria.<p>The Puerto Rico Electric Power Authority said on Twitter Thursday afternoon that electricity was restored …

Caribbean

Puerto Rico is plunged into an island-wide blackout yet again

The devastation caused by Hurricane Maria has yet to be fully addressed in Puerto Rico, but now the island is contending with yet another …

Tech Trends

Gobierno federal administre la Autoridad de Energía Eléctrica; Federalize Puerto Rico Electric Power Authority (PREPA) | We the People: Your Voice in Our Government

3M de ciudadanos americanos en Puerto Rico no toleran más el control de la electricidad por la AEE. Para que PR se levante, el gobierno federal tiene …

Puerto Rico

Mammoth Energy -10% following another Puerto Rico power fiasco

Mammoth Energy (NASDAQ:TUSK) tumbled nearly 10% in today's trade in the wake of another island-wide power blackout on Puerto Rico.<p>The latest blackout …

Business

Power restored to 1.1 million PREPA customers after island-wide blackout cripples Puerto Rico

Power was restored to more than 1.1 million Puerto Ricans after an island-wide blackout plagued the U.S. territory Wednesday.<p>Roughly 80% of customers …

Caribbean

All of Puerto Rico just lost power

The Puerto Rico Electric Power Authority is investigating the cause<p>All of Puerto Rico lost power Wednesday, the <i>Associated Press</i> reports, six months after Hurricane Maria devastated the island and ravaged the nation’s unstable power grid. The Puerto Rico Electric Power Authority is investigating the …

Puerto Rico

Puerto Rico just got hit with the biggest blackout in American history

Puerto Rico is in the dark again.<p>The largest blackout in American history hit the U.S. territory Wednesday, as the entire island lost power — seven months after Hurricane Maria devastated its infrastructure and knocked out the power grid.<p>A fault on a transmission line caused the outage, which left …

Caribbean

Island-wide blackout hits struggling Puerto Rico

<b>By Arelis R. Hernandez | Washington Post</b><p>An island-wide blackout has struck Puerto Rico, plunging the U.S. territory of more than 3 million citizens …

Caribbean

Puerto Rico restores power to over 70 percent of customers after blackout

NEW YORK (Reuters) - Puerto Rico's power company said it had restored power to over 1.1 million homes and businesses by Thursday morning after a transmission line failure cut service to almost all of the island's 3.4 million residents the day before.<p>The Puerto Rican Electric Power Authority, known …

Caribbean

Puerto Rico Hit By Islandwide Blackout

This is the second time in less than a week that a major power outage has affected the U.S. territory.<p>In what’s been called the second-largest blackout in history, Puerto Rico lost power entirely on Wednesday — marking the second time the island has suffered a major power failure in less than a …

Caribbean

Entire Island Of Puerto Rico Is Currently Without Electricity In Largest Power Outage In U.S. History

Puerto Rico was left completely without electricity after an massive power outage hit the island on Wednesday. It is the largest power outage in U.S. …

Caribbean

Power Restored to Those Hit by Puerto Rico Blackout

SAN JUAN, Puerto Rico—Electricity has been restored to all customers affected by an island-wide blackout, Puerto Rico’s power company said Thursday, but tens of thousands of families remain without normal service seven months after hurricanes Maria and Irma.<p>An excavator hit a transmission line, …

Caribbean

Blackout: All of Puerto Rico Lost Power

The entire island of Puerto Rico lost power on Wednesday in what is the country’s biggest power outage since Hurricane Maria devastated the island …

Puerto Rico