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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 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 majority of Puerto Rico's electricity is generated using oil and natural gas fired power plants. Puerto Rico also has 21 reservoirs that produce hydroelectric energy. [42] In 2019 the Puerto Rican government passed legislation requiring the closure of coal fired power plants by 2028 and achieving 100% renewable energy by 2050. [43]
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 ...
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:
In the modern sense of offering service to all people, the promotion of universal service in telecommunications was crystalized in the 1960s. Some sources point to the earlier Communications Act of 1934 as promoting universal service based on the language of its preamble, but other historians have pointed out that in the early 20th century "universal service" was originally an AT&T marketing ...
Liberty Puerto Rico was created in 1999, replacing TCI Cable. During its existence as OneLink Communications, the company was owned by MidOcean Partners and Crestview Partners, which paid $250 million in June 1998 to buy the property from Adelphia.
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.