Puerto Rico Electric Power Authority

With the November jobs report showing a decline in employment, and the coronavirus raging, economists debate the state of the commonwealth's economy heading into the new year.

The board wants to increase tax compliance, spend more on healthcare capital projects, and advance the release of CAFRs, among other things.

He has a background working in the island's pharmaceutical industry and for the island's government working to attract and retain private sector firms.

The president named former Utah and Michigan budget director John Nixon and New York educator Betty Rosa. Ana Matosantos may be gone permanently from the board.

Yield-starved investors will help the deal get done, despite credit risks and the island's bankruptcy overhang.

The governor-elect also plans to appoint Manuel Cidre as secretary of economic development and commerce.

The GAO said that the $10.5 billion from the FEMA Public Assistance program might cover only about half of the $20.3 billion identified in Puerto Rico’s Grid Modernization Plan as necessary to repair the grid and make it more resilient.

But the economy is still significantly smaller than it was a year ago.

The authority is altering many of its operations and organizations, including exploring public-private partnerships and renewable energy resources.

A federal judge has set a Feb. 10 deadline for the Oversight Board to file “an informative motion presenting a term sheet disclosing the material economic and structural features of an amended plan of adjustment.”

A majority of the new Oversight Board members may be more creditor friendly.

Surveys show employment was up as much as 7% in September from April.

Justin Peterson represented the Ad Hoc Group of General Obligation Bondholders for several years.

Delgado Altieri is polling essentially even with Pedro Pierluisi.

August and September economic activity has probably been better than that of July, analysts said, however some expect economic activity will resume its decline in October and the following months.

The aid includes $9.6 billion for the Puerto Rico Electric Power Authority to repair and rebuild the electrical grid and $2 billion for the Puerto Rico Department of Education.

The presidential candidate said Puerto Rico's debt should be audited and that some of it may have to be declared illegal and thus void.

The Oversight Board said that it expects to know by Oct. 25 whether it can propose a new plan of adjustment.

Puerto Rico's governor promotes an insider to run the power authority.

The Puerto Rico Electric Power Authority would save around $600 million by using alternative energy, according to a regulatory proposal.