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Analysts raise red flags on New Fortress Energy’s financial condition.
By THE STAR STAFF Despite securing a new contract to supply natural gas in Puerto Rico, power plant fleet operator Genera PR’s parent company, New Fortress Energy, is in serious financial distress that analysts say raises red flags for investors and for jurisdictions now reliant on its operations, according to several stateside publications. New Fortress Energy, a global liquefied natural gas (LNG) company traded on NASDAQ under the ticker NFE, is carrying nearly $9 billion i

The San Juan Daily Star
15 hours ago2 min read


Citizens challenge PREPA pension charge in energy bill as illegal, unconstitutional.
The Puerto Rico Electric Power Authority Retirement System says that because the Provisional Charge funds retiree pensions, any order halting or nullifying it would cause “immediate, irreparable harm” to thousands of former authority workers who depend on monthly pension checks. By THE STAR STAFF A group of Puerto Rico electricity consumers is asking the federal court overseeing the Puerto Rico Electric Power Authority (PREPA) bankruptcy to let their lawsuit proceed, arguing

The San Juan Daily Star
15 hours ago3 min read


Dredging of Carraízo Reservoir completed.
The dredging of Carraízo Reservoir represents a total investment of $106.8 million, funded through the Federal Emergency Management Agency and the Community Development Block Grant Disaster Recovery program, as well as the Puerto Rico Aqueduct and Sewer Authority. By THE STAR STAFF Gov. Jenniffer González Colón and Puerto Rico Aqueduct and Sewer Authority (PRASA) Executive President Luis Reinaldo González Delgado announced over the weekend the completion of the dredging proje

The San Juan Daily Star
15 hours ago2 min read


Housing secretary’s departure does not end New Progressive Party division.
Then-Housing Secretary Ciary Pérez Peña, left, and Gov. Jenniffer González Colón By THE STAR STAFF Puerto Rico Housing Secretary Ciary Pérez Peña submitted her resignation on Saturday, marking the end of a month‑long controversy surrounding alleged irregularities at an auto inspection center owned by her family in Yabucoa but doing little to end divisions in the governing New Progressive Party. Her resignation will take effect today, Gov. Jenniffer González Colón said. The go

The San Juan Daily Star
15 hours ago2 min read
Work on PR-181 begins with $12 million federal investment.
By THE STAR STAFF Rehabilitation work has begun on highway PR-181 -- a route connecting hundreds of families and traveled daily by more than 30,000 residents, primarily from Trujillo Alto, Gurabo and San Lorenzo. While serving as resident commissioner, Gov. Jenniffer González Colón allocated $3 million for the project for fiscal year 2023 as part of Community Projects -- funds directly allocated by members of Congress. As governor, she allocated the remaining $8.9 million, dr

The San Juan Daily Star
15 hours ago2 min read


Fiscal board chastises LUMA for executing contract without bidding.
Jaime A. El Koury, general counsel to the Financial Oversight and Management Board for Puerto Rico ( oversightboard.pr.gov ) By THE STAR STAFF Despite conditionally approving it, the Financial Oversight and Management Board criticized LUMA Energy ServCo LLC for signing a $43.5 million contract with Evertec Group LLC without conducting competitive procurement and at a higher cost. The decision was communicated in a letter dated March 10, addressed to LUMA Chief Procurement and

The San Juan Daily Star
15 hours ago2 min read


Ferrer warns GEO against playing pitcher and catcher in Parra’s contract probe.
Questions arise over an amendment to a government contract involving former Justice Secretary Janet Parra as officials call for a review by the Government Ethics Office. By THE STAR STAFF The Popular Democratic Party’s spokesperson in the House of Representatives, Héctor Ferrer Santiago, sent a letter Wednesday to Luis A. Pérez Vargas, executive director of the Puerto Rico Government Ethics Office (GEO), raising concerns over an amendment made to former Justice Secretary Jane

The San Juan Daily Star
4 days ago2 min read


$1 Million boost for nonprofits helping domestic violence victims.
Nonprofit organizations across Puerto Rico receive more than $1 million in legislative funding to support services for women affected by domestic violence. By THE STAR STAFF The House of Representatives of Puerto Rico, led by Speaker Carlos ‘Johnny’ Méndez, allocated a historic total of $1,052,500 in fiscal year 2025-2026 to 15 nonprofit organizations that provide direct services to women who are victims of domestic violence in Puerto Rico. The legislative leader also indicat

The San Juan Daily Star
4 days ago2 min read
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