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The Puerto Rico Energy Bureau later approved yet another rate increase on December 30, 2021. LUMA Energy had initially proposed a rate increase of 4.05 cents (18.4%), [ 66 ] but the rate increase that was authorized by the Puerto Rico Energy Bureau was of 3.67 cents (16.8%) higher than the prior rate.
The Biden administration announced Thursday that it will pay $440 million to install solar panels in Puerto Rico. The Department of Energy (DOE) made the announcement Thursday, saying that the ...
The Authority for the Financing of the Infrastructure of Puerto Rico Spanish: Autoridad para el Financiamiento de la Infraestructura de Puerto Rico (AFI)— is a government-owned corporation of Puerto Rico that grants administrative and financial assistance to other Puerto Rico government-owned corporations in order to develop facilities and improve the infrastructure of Puerto Rico.
The U.S. Energy Department said on Thursday it is offering a conditional loan guarantee of up to $861 million for two utility-scale solar-energy projects in Puerto Rico that are expected to boost ...
The department is an executive department of the Government of Puerto Rico. It was created in 1931 but only gained formal recognition when the Constitution of the Commonwealth of Puerto Rico was approved in 1952. Its first secretary was Prudencio Rivera. The incumbent is Carlos Saavedra Gutiérrez.
PRIDCO was created by the government of Puerto Rico in 1942 along with the Puerto Rico Government Development Bank (GDB) during the governorship of Rexford G. Tugwell.Its purpose was to finance the construction and operational management of industrial parks where stateside manufacturing companies could find low-rent venues for their operations.
Universal service is an economic, legal and business term used mostly in regulated industries, referring to the practice of providing a baseline level of services to every resident of a country. An example of this concept is found in the US Telecommunications Act of 1996 , whose goals are:
The Puerto Rico Commission on Public Service — Spanish: Comisión de Servicio Público (CSP) — is one of Puerto Rico's oldest regulatory bodies whose jurisdiction has changed over the years. The CSP currently regulates the retail sale of natural gas, trucking, and jitneys , among other regulatory functions.