Showing posts with label Electric grid. Show all posts
Showing posts with label Electric grid. Show all posts

April 18, 2018

Another Island Wide Electrical Power Black Out in Puerto Rico Today


FEMA has been ordered by Trump to not replace (upgrade) broken equipment if it can't be fixed.
Some of that old equipment is not replaceable in which case it is to be rigged but not upgraded to what is available today. It leaves the Island in a worse off situation than when the storm Maria hit the Island. The equipment is rigged because they can't buy new equipment and if it's not rigged then its been repaired to the condition in which it broke in the first place. Only a person with a lack of caring to what happens to people other than his family would issue such orders.  This makes no fiscal sense and it makes no human sense. It fits an orange to a tee because an orange hs no feeling! Adam🦊

 
 

By DANICA COTO/ AP


An island-wide blackout hit Puerto Rico on Wednesday as the U.S. territory struggles to repair an increasingly unstable power grid nearly seven months after Hurricane Maria. Officials said an excavator accidentally downed a transmission line.
Officials said it could take 24 to 36 hours to fully restore power to more than 1.4 million customers as outrage grew across the island about the state of Puerto Rico’s Electric Power Authority. It is the second major outage in less than a week, with the previous one affecting some 840,000 customers. 

“This is too much,” said Luis Oscar Rivera, a 42-year-old computer technician who just got normal power back at his house less than two months ago. “It’s like the first day of Maria all over again.”

Several large power outages have hit Puerto Rico in recent months, but Wednesday was the first time since the Category 4 storm struck on Sept. 20 that the U.S. territory has experienced a full island-wide blackout. It snarled traffic across the island, interrupted classes and work and forced dozens of businesses to temporarily close, including the island’s largest mall and popular tourist attractions like a 16th-century fort in the historic part of Puerto Rico’s capital.

Backup generators roared to life at the island’s largest public hospital and at its main international airport, where officials reported no cancellations or delays. Meanwhile, the power company said its own customer service center was out of service and asked people to go online or use the phone.

Officials said restoring power to hospitals, airports, banking centers and water pumping systems was their priority. Following that would be businesses and then homes.
Carmen Yulin Cruz, mayor of the capital of San Juan, said the outage would not interrupt the last of a two-game series between the Cleveland Indians and Minnesota Twins, which is being played on the island. She said all emergency systems at Hiram Bithorn stadium are functioning and that tower lights and additional security will be placed at the stadium’s parking lot.

Justo Gonzalez, the power company’s executive sub-director, said a private contractor removing a collapsed tower during unrelated power restoration efforts hit the transmission line on Wednesday with an excavator.
It is the second such incident in less than a week. On Thursday, a tree fell on a power line as crews were clearing land in central Puerto Rico, leading to a widespread power outage. A backup line that was supposed to prevent that outage failed. 

Fred Dyson Martinez, vice president of a union that represents power company workers in Puerto Rico, told The Associated Press that he was concerned about the two back-to-back incidents.

“That is not normal,” he said.
Angel Figueroa, president of the same union, told reporters workers are investigating why a backup breaker at the main power station in the island’s southern region did not function when the outage occurred, causing the entire electrical grid to shut down to protect itself. He noted it was the same problem that caused a 2016 power outage that affected the entire island.
Rivera said he worries that such serious power outages are still occurring as the new Atlantic hurricane season, which starts on June 1, approaches.

“If there’s a slight storm, we’re going to be worse off than we are right now,” he said.
Federal officials who testified before Congress last week said they expect to have a plan by June on how to strengthen and stabilize the island’s power grid, noting that up to 75 percent of distribution lines were damaged by high winds and flooding. Meanwhile, the U.S. Army Corps of Engineers, which is overseeing the federal power restoration efforts, said they hope to have the entire island fully energized by May. Some 40,000 power customers still remain without normal electrical service as a result of the hurricane.

The new blackout occurred as Puerto Rico legislators debate a bill that would privatize the island’s power company, which is $14 billion in debt and relies on infrastructure nearly three times older than the industry average.

December 29, 2017

101 Days for 1.5 Million Americans To be in Darkness in Puerto Rico-No longer The Fault of 'Maria But Donald'



One hundred One days ago, powerful Category 4 Hurricane Maria hit Puerto Rico leaving the island severely crippled and the more than 3 million U.S. citizens desperate for help. 
Now, Puerto Ricans on the island and U.S. mainland are feeling angry and the lack of progress and they are organizing to demand help for Puerto Rico.
Though life has improved for some Puerto Ricans on the island more than three months since Maria hit, the Caribbean island is still in recovery mode. 
Before Hurricane Maria hit, the island was already crippled by an economic crisis with more than $74 billion in debt. But the hurricane obliterated Puerto Rico's infrastructure and today more than a million people are still without power, hundreds are still living in shelters and lack reliable drinking water and the health care system is in dire condition. The crisis has triggered an exodus to the mainland. 
"It's hard, it's not easy," says Chaylin Palma even though she's now living in an apartment in Ciales with her husband and four kids ages 6 to 9. The family spent more than two months at the Josefa del Rio Guerrero High School in nearby Morovis, located in the central region of the island. The school was being used as a shelter. She's grateful to be out of the shelter and into public housing, she says, but there is no electricity in her new apartment, "I wasn't prepared for this."




She's says she knows she's lucky. "My kids have their own bed now and they are going to school," she says, but "I didn't think we would be in recovery this long." She says she struggles to have positive thoughts when the family is ending the year in the dark.
In spite of promises made by Gov. Ricardo RosellĂł in October to expedite recovery including restoring at least 95 percent of power to the island, normalcy on the island is still elusive. 

Isamar holds her 9-month-old baby Saniel at their makeshift home
 in San Isidro, Puerto Rico.
Mario Tama/Getty Images
"We had to cancel our Christmas Eve dinner" says Irma Rivera Aviles, "we lost power and water early on December 24." Though power was restored to her home in Cataño on December 1, she says, "black-outs are part of life" in the aftermath of Maria. 
Hundreds of thousands have arrived in Florida since the hurricane according to statusPR.com, a website tracking progress since Maria, and many more people are expected to abandon the small Caribbean island in the months to come. 
Since Maria, the humming of generators is ubiquitous throughout the island – Puerto Ricans are depending on them to power lifesaving hospital equipment like dialysis and ventilators, but also to charge cell phones and keep electric stoves, fans and refrigerators running at home. 
Those like Irma Rivera who have power and running water restored at home feel lucky, but the system continues to be fragile and unstable. "We have lost a few appliances to the power surges and the water initially came overnight with so much pressure that busted the kitchen sink valves" says Grizelle González. "So in the morning we woke up with a flooded house." 
González says she now has bigger appreciation for showers. Up until the first week of December when her home got power and water back, she and her family took bucket baths – filling a bucket of water and using a mug to wash themselves. She did laundry at work. She's an ecologist at El Yunque National Forest where Maria's fury left a swath of destruction and though "trees continue to leaf up, many areas of the forest are still brown" says González. The forest remains closed to the public. 

Jose Luis Gonzalez of Morovis illuminates his path with a lantern 
on a street of the Barrio PatrĂłn.
Carlos Giusti/AP
Meanwhile, Puerto Ricans on the mainland are angry that it's taking too long to rebuild the island after Hurricane Maria. Many say that the lack of progress is exposing people to a growing environmental catastrophe.


"People are breathing toxic air because of the diesel generators, the water is polluted and they don't have rooftops, highways haven't been fixed," says Elizabeth Yeampierre. She's an attorney and the executive director of UPROSE, a Latino community organization in Brooklyn. 
"Communities are completely isolated and they don't have access to health care" says Yeampierre, "100 days is an indictment of the U.S. and its lack of commitment to Puerto Rico," she says.
On a chilly evening this month, members of the Puerto Rican diaspora will gather at Union Square Park in New York City to demand a just recovery for an island still reeling in crisis. 
"We hope for a better future for Puerto Ricans on the island," says Yeampierre — one that brings in sovereignty all around to allow Puerto Ricans to create the systems that work for them.


October 28, 2017

WH Running Away from PR's$300Mil Contract (TrumpWH-Connected)Of 2 People FT Company



More than five weeks after Storm Maria most light on the island is generator-driven(Reuters)
  The White House has distanced itself from a $300m (£227m) contract awarded to tiny Montana firm to help reconstruct Puerto Rico's power grid.
The statement came as President Donald Trump met his Interior Secretary Ryan Zinke, who knows the chief executive of the company, Whitefish Energy.
Federal authorities have expressed "significant concerns" about the deal, and are reviewing the contract.
Some 75% of Puerto Ricans have no power five weeks after Hurricane Maria.
White House spokesman Raj Shah said on Friday: "Our understanding is the decision to give a contract to Whitefish Energy was made exclusively by Puerto Rico Electric Power Authority (Prepa). 
"The White House is not aware of any federal involvement in the selection." The US interior secretary - who has acknowledged knowing Whitefish's chief executive, but denies any involvement in the deal - met the president at the White House on Friday.
Prepa, the US territory's main utility, asserted that federal authorities had reviewed the deal.
But the US Federal Emergency Management Agency (Fema) denied that on Thursday night.
Among other clauses, the contract states that "Prepa hereby represents and warrants that Fema has reviewed and approved of this Contract".
It also says Fema "confirmed this Contract is in an acceptable form to qualify for funding from Fema or other US Governmental agencies".
A truck with Whitefish Energy's logo and a Puerto Rican flag
 if it Looks someone just pasted the company logo it's because someone didThis is the Little-known Whitefish Energy which  has raised eyebrows for possible links to the Trump administration
 In an email to reporters on Thursday night, Fema said: "any language in any contract between Prepa and Whitefish that states Fema approved that contract is inaccurate". 
Fema also said it "has significant concerns with how Prepa procured this contract and has not confirmed whether the contract prices are reasonable".
Its review is ongoing, but the disaster agency warned that contracts not in compliance with their regulations "risk not being reimbursed by Fema for their disaster costs".
It is unclear what would happen if Fema refused to pay.
Walt Green, a former director of the US National Center for Disaster Fraud, told BBC News: "It is impossible to say who is ultimately responsible for costs that are denied by Fema until much more information is known. 
"Any dispute may result in appeals, administrative hearings, and lawsuits."
Puerto Rican authorities initially said Fema would pay for the deal.
They are now seeking to assure the public there is "nothing illegal" about the contract. 
Prepa and the Puerto Rican government are saddled with massive debts. The power authority declared bankruptcy in July.
Neither Prepa nor the Puerto Rican governor's office nor Whitefish Energy returned multiple BBC emails requesting comment. 
A major investor in the company was also found to have made donations to the Trump campaign and allied groups during the 2016 presidential race. 
The investor did not return a BBC request for comment.
Questions have been raised about why a little-known, two-year-old firm with no experience of work on this scale was awarded the contract so quickly.
Critics have also queried why Puerto Rican authorities did not seek aid from other public utility companies - as is custom during disasters.
The US House of Representatives Natural Resources Committee, which has jurisdiction over the Caribbean island, is also scrutinizing the contract. 
On Friday, top Democrats from that committee and the Transportation and Infrastructure Committee sent a letter requesting the Department of Homeland Security's inspector general launch an investigation. 
The correspondence follows similar requests from other members of Congress to the interior department's inspector general.
Puerto Rico Governor Ricardo Rossello said on Friday he is awaiting the results of an audit that he has ordered on the deal.
From BBC

October 25, 2017

Tiny, Inexperience Montana Comp Connected to Interior Sec.Zinke to Replace Puerto Rico's Grid





 Ryan Zinke Campaigning for Trump Rewarded with Sec of Interior Post, Now he can make money on the side with a company many wonder how they could do the job without the experience of doing a massive work like the one in Puerto Rico. It pays to be connected but at least gets us a company experienced enough that can do the job fast and well.

Whitefish Energy, a tiny Montana company, has been granted a massive $300 million contract by Puerto Rico's main electric utility to help rebuild the island's electrical grid after Hurricane Maria's devastation, per The Washington Post.
Why this matters: The Post called the hiring of a small for-profit company like Whitefish "unusual" and said it's drawing scrutiny from Congress. Whitefish had only two full-time employees on the day Maria hit Puerto Rico but claimed it is prepared to meet the challenges of the contract by hiring short-term workers at a rapid pace. 
Whitefish's largest prior federal contract gave the company $1.3 million to replace 4.8 miles of transmission line in Arizona. For comparison, Puerto Rico has 2,400 miles of critically important transmission lines — and tens of thousands of miles of distribution lines to consumers across the island.
What usually happens after large-scale disasters is utility companies activate "mutual aid" agreements which require other utility companies to assist in restoring services. That's how utilities in Florida and Texas got back online after Hurricanes Irma and Harvey. Puerto Rico's electric utility, the Puerto Rico Electric Power Authority, filed for bankruptcy earlier this year, raising further questions on why it would choose to issue such an expensive contract when other established procedures exist.
A spokesman for Whitefish told a Washington state paper that the company is uniquely experienced in working with rugged, mountainous areas like Puerto Rico where helicopters and 100-foot ladders will be used.
Worth noting: Whitefish is based in Whitefish, Montana, Interior Secretary Ryan Zinke's hometown. Zinke is at least somewhat acquainted with Whitefish's CEO, though Zinke's office told the Post that's due to Whitefish being a place where "everybody knows everybody." Both Whitefish and Zinke's office denied that the Zinke connection had anything to do with Whitefish landing the Puerto Rico deal.
AXIOS/AP

October 12, 2017

Puerto Rico Calls Elon Musk to Help Rebuilt Their Grid/Disease Spreads







Puerto Rico Wants Elon Musk to Fix Their Grid

Lightbulb with the shape of Puerto Rico as a glowing filament
After sending hundreds of Tesla’s Powerwall batteries to help those in Puerto Rico still reeling from the effects of Hurricane Maria, Elon Musk may be tasked with an even more massive project on the island territory. Last Thursday Musk used Twitter to essentially offer his company’s services in re-building Puerto Rico’s power grid.
He stated that with the approval of the local government, public utilities, and all of those who call the island home, Tesla could emulate work it has done in other, similar geographies. This work includes a project completed last year by Tesla’s subsidiary SolarCity which encompassed the installation of a microgrid powered by renewable energy sources on the American Samoa island of Ta’u.
Musk’s outlook and optimism related to energy work is nothing new. He most recently stated that his company would provide a 100-megawatt battery farm in Southern Australia in 100 days, or it would be free. The $50-million project commenced on September 29.
Puerto Rico’s governor was quick to respond to Musk, insinuating that the island could serve as a flagship project for expanding Tesla’s methods of harvesting and storing solar power. It’s been reported that Puerto Rico’s infrastructure was in need of an upgrade before the onslaught of recent storms, so Tesla’s innovative approaches and the timing of the situation might be the perfect mix.
Helping to move the needle on this potential project are the environmental benefits of a solar-powered grid, as well as the ability to get things re-started more quickly in the event of a future storm. Less reliance on imported oil would also make the electric grid much cheaper to operate.
The most prominent obstacles are timing, expense, and scale. The island needs power now, and the project which Musk undertook on Ta’u required more than a year for an island that is roughly 1/200th the size of Puerto Rico. Then there are concerns over how expansive energy storage capabilities could be, as well as the magnitude of the costs associated with connecting to and distributing from a new kind of power source. ThomasNet

{SAN JUAN}  Four deaths in Hurricane Maria's aftermath are being investigated as possible cases of a disease spread by animals' urine, Puerto Rico's governor said Wednesday amid concerns about islanders' exposure to contaminated water.

A total of 10 people have come down with suspected cases of leptospirosis, Gov. Ricardo Rossello said at a news conference.

On a U.S. territory where a third of customers remain without running water three weeks after the hurricane, some became ill after turning to local streams to relieve their thirst.

Jorge Antonio Sanyet Morales, a 61-year-old bus driver, took a drink from a stream near his concrete home on a hillside in Canovanas a week after the Sept. 20 storm. He then developed a fever, his skin turned yellow and within a week, he died at a hospital in Carolina, according to his widow, Maritza Rivera.

Dr. Juan Santiago said Sanyet was among five patients who came in his emergency clinic last week with similar symptoms after drinking from streams in Canovanas and Loiza.

The water was still not running at Sanyet's house this week, but Rivera, said she and her family were drinking only bottled water, including some delivered by the town. Her husband was the only one who drank from the stream, she said.
Forty-five deaths in Puerto Rico have been blamed on Hurricane Maria, which tore across the island with 150 mph (240 kph) winds. Ninety percent of the island is still without power and the government says it hopes to have electricity restored completely by March.

Leptospirosis is not uncommon in the tropics, particularly after heavy rains or floods. Rossello said the symptoms can be confused with those of other illnesses, including dengue, and the Centers for Disease Control and Prevention was helping to investigate. Two of the deaths were in Bayamon, and one each in Carolina and Mayaguez. Other patients have been receiving treatment with antibiotics.

Rossello said that fliers with instructions on how to disinfect water will be sent to mayors for distribution with food supplies in towns across Puerto Rico.

"For people that have access to internet and have access to printers, be good citizens and help us distribute this information," Rossello said.

The Health Department and the U.S. military also will be distributing pills to purify water, he said.
AP

October 11, 2017

Puerto Rico Struggles to Come Out of The Dark Weeks After Maria









More than two weeks after Hurricane Maria made landfall on Puerto Rico, the island's power grid remains in shambles, and authorities say it will take months to fully restore electricity.

Nearly 90 percent of the island is still without power, which means millions of people remain without electricity weeks after the storm, says José H. Román Morales, president of Puerto Rico's Energy Commission, which regulates the island's electric power authority.

In a news conference on Friday, Puerto Rico Gov. Ricardo RossellĂł could not say when the power grid would be fully up and running.

"There is no estimated date right now," he said. "We have established, right at the beginning of this week, we want to have 10 percent of the energy generation in Puerto Rico. Now we're up to 10.6 percent. And our expectation is, within the next month, to have 25 percent."

It will cost an estimated $5 billion to repair the island's electricity transmission and distribution system, which was almost completely decimated by the storm. 

Román, president of the energy commission, tells Here & Now's Jeremy Hobson that the system suffered such a catastrophic failure because PREPA was so deeply in debt that it was unable to finance upgrades to its generating plants. Power lines were also left more vulnerable to tree branches, other debris and strong winds.

The government-owned utility filed for bankruptcy in July in an effort to restructure its $9 billion debt. Puerto Rico itself filed for bankruptcy a few months earlier and began working with Congress to restructure debt that exceeds $120 billion.

The U.S. territory has struggled for years with an ever-mounting debt crisis. Román explains that once Puerto Rico's economy started to suffer, the power authority began issuing bonds in order to function.

"PREPA started issuing bonds to either finance capital improvements, and in some cases, might have financed operational costs," Román says. "In 2014, when PREPA's credit was downgraded, then PREPA didn't have any more access to the capital markets at a reasonable price." 

President Trump has faced criticism for his administration's slow efforts to provide help to the island. When he arrived in Puerto Rico last Tuesday, Trump touted the relief effort, seeming to joke about how much the recovery was costing the U.S.

"Now I hate to tell you, Puerto Rico, but you've thrown our budget a little out of whack," Trump said, "because we've spent a lot of money on Puerto Rico, and that's fine. We've saved a lot of lives."

The Washington Post reported last week that metrics displaying the number of Puerto Ricans without power and clean drinking water were removed from FEMA's website. A FEMA spokesman said the statistics were still available on a website maintained by the office of Puerto Rico's governor, but he would not elaborate on why they were no longer available on the FEMA site.

As of Friday afternoon, the percentage of the island that has power and the percentage of Puerto Ricans with access to clean drinking water was returned to the FEMA page.

Despite the maligned federal response, some states are stepping in to help the battered U.S. territory. New York Gov. Andrew Cuomo sent a team from the New York Power Authority to assess the situation and help reconstruct the power grid.

"We saw a lot of damage, mostly on the transmission and distribution system," says Gil Quiniones, president, and CEO of the New York Power Authority. "And you know, it's really starker when you see it in person rather than on TV or cable."

There are still a lot of power lines down, Quiniones tells Hobson. During the team's visit to San Juan, sections of Puerto Rico's capital were "completely flooded," which means the island's grid would have faced similar devastation if the power lines were underground, he says.

Business magnate Elon Musk tweeted on Friday that his company Tesla could reconstruct the island's power grid with its solar energy technology. Gov. RossellĂł told USA Today that he spoke with Musk regarding this offer on Friday night.

Best known for electric cars, Tesla also includes SolarCity, a solar panel firm that has powered small islands, such as Ta'u in American Samoa. The solar grid in Ta'u can power the entire island and store enough energy for three days without sun.

Short of solar technology, Quiñones says his team's work after Superstorm Sandy revealed a number of options to strengthen the power grid, such as strengthening existing utility poles and putting certain parts of the circuit underground. "Things we did here in New York post-Sandy, those things should be considered in Puerto Rico."

NPR


October 9, 2017

FCC Gives Google Ok To Use Balloons to Re-establish Puerto Rico's Internet and Cell Svces



 
The Federal Communications Commission has given Google approval to deploy its Project Loon balloon-based communications system to provide cellular connectivity in hurricane-damaged Puerto Rico.
An experimental product from the Google X laboratory, run by parent company Alphabet, Project Loon got an experimental license to help provide emergency cell service in the U.S. territory, FCC chairman Ajit Pai said Saturday.
“More than two weeks after Hurricane Maria struck, millions of Puerto Ricans are still without access to much-needed communications services,” Pai said in a statement. “That’s why we need to take innovative approaches to help restore connectivity on the island.  Project Loon is one such approach." 
Other approaches include Facebook's deployment of a "connectivity team" to help restore emergency telecommunications, an initiative CEO Mark Zuckerberg announced in a Facebook post-Sept. 27. AT&T and T-Mobile have each set up portable communications sites.
Tesla CEO Elon Musk talked Friday with Puerto Rico's Gov. Ricardo RossellĂł about assisting in the repair of the island's power grid with solar-powered batteries. About 88% of the country is still without power.
Tesla has solar projects on smaller islands, and Musk thinks they should be scalable to larger ones like Puerto Rico. Video provided by Newsy Newslook
Hurricane Maria hit Puerto Rico Sept. 20 bringing 150-mph winds and massive flooding. The U.S. death toll from Maria now stands at 34 there.

As of Saturday, 22 of Puerto Rico’s 78 municipalities had no functioning cell sites at all, according to the FCC. Throughout the U.S. territory, nearly 82% of cell sites were out of service, a slight improvement over 83% on Friday, the FCC says.
There's no official schedule for Project Loon's deployment in Puerto Rico. “We’re grateful for the support of the FCC and the Puerto Rican authorities as we work hard to see if it’s possible to use Loon balloons to bring emergency connectivity to the island during this time of need,” said Libby Leahy, a spokesman for the company’s X division.

The project's team also needs wireless companies on board. “To deliver the signal to people’s devices, Loon needs be integrated with a telco partner’s network — the balloons can't-do it alone,” Leahy said, adding that the company is “making solid progress on this next step.”

Project Loon's network of high-altitude balloons is meant to beam signals down from more than 12 miles above the earth as a way of connecting remote and rural residents. In addition to testing in New Zealand, Google parent company Alphabet has announced a test to bring the Internet to 100 million people in Indonesia.  
Deployment of the balloon system, "could help provide the people of Puerto Rico with access to cellular service to connect with loved ones and access life-saving information," Pai said, "I urge wireless carriers to cooperate with Project Loon to maximize this effort’s chances of success.”
The Associated Press contributed to this report.
, USA TODAY

October 7, 2017

Elon Musk Says He Can Fix Puerto Rico's Electrical Grid


 Elon Musk (The first at being first)


Billionaire innovator Elon Musk is pledging to meet with Puerto Rico's governor to discuss how he could help rebuild the island's ruined electrical grid with reliable renewable energy.
After Hurricane Maria destroyed the U.S. territory's electricity distribution network, leaving millions of residents without power for months, Tesla CEO Musk said on Twitter that his company could intervene.
Tesla's strategy involves pairing large batteries with solar panels and solar roof tiles, providing an off-the-grid energy solution that keeps the lights on without the help of fossil fuels. The company's SolarCity division handles the installation and sales.

Hurricane Maria left a path of destruction in Puerto Rico, leaving most of its citizens without access to electricity and clean drinking water. The island's residents talk about their daily struggle to survive and make end's meet. USA TODAY
"The Tesla team has done this for many smaller islands around the world, but there is no scalability limit, so it can be done for Puerto Rico too," Musk said Wednesday in a tweet. "Such a decision would be in the hands of the PR govt ... any commercial stakeholders and, most importantly, the people of PR." 
In 2016, Puerto Rico burned oil to generate 47% of its electricity, compared to only 0.6% for the entire U.S., according to the U.S. Energy Information Administration.
The island got only 2% of its electricity from renewable sources, compared to 14.9% for the whole U.S.
Since Maria wiped out the island's power distribution network, many critical institutions such as hospitals and drug manufacturing plants have been operating on generator power.
Massachusetts-based research firm Municipal Market Analytics predicted that Puerto Rico's federal oversight board would "ultimately turn to a private sector partner" to execute a "partial or complete privatization" of the Puerto Rico Electric Power Authority, known as PREPA.
Bondholders last week offered a $1 billion loan to PREPA, which rejected the offer aimed at jump-starting the rebuilding process. The authority's bondholders could face steep losses after the disaster wiped out the assets underpinning their investments.
"We are all concerned with the well-being of the Americans that live in Puerto Rico and we continue to look for ways to engage with the Commonwealth and work collaboratively in the ongoing recovery effort," the bondholder group said last week.
Gov. Rossello has projected that it could take $60 billion to $90 billion to rebuild the island.
That is likely to require federal aid and steep cuts to Puerto Rico's $74 billion in debts. The island filed for the equivalent of bankruptcy protection earlier this year.
President Trump suggested on Tuesday that the debt would need to be wiped out, though he has no authority to do so.
The island's oversight board has requested "substantial" emergency aid from Washington.

Aerial footage shows how the once beautiful destination has been utterly devastated by Hurricane Maria. Video shot by Ricky Flores and Carrie Cochran. USA TODAY
, USA TODAY


Featured Posts

A Mob of 10 Men Attacks a Gay Man in Arizona

Police are investigating, though they aren't calling the attack as a hate crime. BY  MATHEW RODRIGUEZ Ou...