A Short History of the Demise of Puerto Rico’s Electric System

The recent outages of Puerto Rico’s electric system have generated plenty of uninformed debate. That situation prompted us to go through the archives and look up the Official Statements for PREPA’s last two bond offerings, dated April 12, 2012 and August 15, 2013, respectively. These documents contain a wealth of data and information about Puerto Rico’s electricity system.

The Short Memory of the Masters of Disaster

Recently, we have been hearing some unreasonably rosy statements about how well the Puerto Rico Electric Power Authority used to work. That is why I looked up the Official Statements for PREPA’s last two bond offerings, dated April 12, 2012, and August 15, 2013. These documents contain a wealth of data and information about Puerto Rico’s electricity system.

Standing Up for Puerto Rico in Washington, D.C.

In a short three years, CNE has not only elevated and persuaded Congress and the Executive to more adequately address Puerto Rico’s challenges, but it has achieved substantial changes in federal law.

The Threefold Challenge to the Puerto Rican Economy

The Puerto Rican economy is simultaneously recovering from three systemic shocks: the COVID-19 pandemic, the considerable damage inflicted by Hurricanes Irma and Maria, and the upcoming creditor’s vote on the Plan of Adjustment negotiated by the FOMB.

Puerto Rico ¿paraíso fiscal?

La actividad de Puerto Rico como jurisdicción de bajas tasas impositivas para empresas multinacionales (EMN) de EEUU está levantando ronchas a nivel internacional. En este escrito exponemos lo que está en juego para la isla.