Corrections to Shneps misinformation!
1. The Governor of Puerto Rico wrote a public letter to the US Senate many months ago stating that the Tranche 1 and 2 PPOA contract language is not financeable, and the projects would not go forward.
The increase by the FOMB was a cover for their failure of asking for a public auction in the first place, which GRB opposed on the record and moved within PREB to solve the issue. No amount of higher PPOA price can solve contractual language issues, which are showstopper.
2. GRB has the 2020 contract language
3. 22 cents per kwh retail is the price for an average small home. Commercial customers and large homes pay 40 cents per kwh. No different than California. Use small amounts, pay 15 cents. Run your pools and AC units high and pay 37.
4. The Sierra Club actions are moot and window dressing as a back door effort from the oil lobby on the Island. Disputing an approved Environmental Study must be done within 30 days of the report approval, which approval for these projects happened years ago. The Sierra Club action will go into the dust bin of nothingness.
5. 90% of homes in Puerto Rico do not have the structural integrity to support solar panels if hit with a Class 2 hurricane, never mind a direct hit Class 4. When next hurricane hits, the panels will be deadly projectiles.
The only reason they were built was Uncle Sam paid for them. None are maintained.