Greenbriar Sustainable Living Inc V.GRB

PREPA Extension to Sept 13

[Hubbie87]

GOVERNMENT OF PUERTO RICO PUBLIC SERVICE REGULATORY BOARD PUERTO RICO ENERGY BUREAU

N0E16P0R Received: Aug 30, 2023 12:03 PM
 

PBJL ENERGY CORPORATION

Petitioners

v.

PUERTO RICO ELECTRIC POWER AUTHORITY, et al. Respondents
 

CASE NO.: NEPR-QR-2021-0026

SUBJECT: Joint Request for Extension

of Time to Inform Status of Settlement Agreement Negotiations in Compliance

with the August 23 Order

JOINT REQUEST FOR EXTENSION OF TIME TO INFORM STATUS OF SETTLEMENT AGREEMENT NEGOTIATIONS IN COMPLIANCE WITH THE AUGUST 23 ORDER

COMES NOW, the Puerto Rico Electric Power Authority (“PREPA”) and PBJL Energy Corporation (“PBJL”)1, through the undersigned counsel and respectfully submit and request as follows:
 

1. On April 10, 2023, the Parties filed a motion titled Joint Request for Additional Extension of Time to Complete Settlement Agreement Negotiations and Inform Results, whereby the Parties requested an extension of time to inform the progress of the negotiations undertaken pursuant to an agreement in principle reached between the Parties to settle the captioned case.
 

2. On August 23, 2023, the Energy Bureau ordered the Parties to inform the status of the Negotiations by September 1, 2023. The Energy Bureau warned that failure to inform the case status would result in the complaint being dismissed for lack of interest (“August 23 Order”).
 

3. The Parties respectfully inform the Energy Bureau that after an impasse in the negotiations, followed by a period of time where PREPA was focused on the reorganization ahead of Genera’s July 1, 2023, Commencement date, and the resulting changes in PREPA’s employee

composition, PBJL and PREPA have recently resumed the settlement negotiations. Consequently, this Friday, September 1, 2023, PREPA’s management has a meeting to evaluate PBJL’s most recent communication and settlement proposal, received on August 25, 2023.

 

4. Considering the foregoing, the Parties respectfully request an additional fifteen (15) days, until September 13, 2023, to review, evaluate, and discuss their settlement process, as applicable to this case, and inform the Energy Bureau of the results.
 

5. As before, all efforts and proceedings related to the Settlement Proposal are made under Puerto Rico Rule of Evidence no. 408.
 

WHEREFORE, the Parties respectfully request the Honorable Energy Bureau to take notice of the aforementioned, find the Parties in compliance with the August 23 Order and grant until September 13, 2023, to inform the Energy Bureau of the results of their settlement efforts.

 

In San Juan, Puerto Rico, this 30th day of August 2023.
 

s/ Joannely Marrero Cruz

Joannely Marrero Cruz

[e-mail]

TSPR No. 20,014

DIAZ & VAZQUEZ LAW FIRM, P.S.C.

290 Jesus T. Pinero Ave. Oriental Tower, Suite 803 San Juan, PR 00918

Tel. [phone]

Fax. [phone]

Counsel for PREPA

CARLOS R. SOSA PADRO LAW OFFICE

PO Box 191682 San Juan, Puerto Rico 00919-1682

 

 

Tel.: [phone]; Tel/Fax: [phone] [e-mail]

s/Carlos R. Sosa Padro Carlos R. Sosa-Padro, Esq.

De Guzman Law Offices

P.O. Box 362738 San Juan, PR 00936-2738 Mobile [phone] Ph.[phone] Fax [phone] [e-mail] TSPR (RUA) No. 6370 USDC-PR No. 205112

s/Guillermo F. De Guzman-Vendrell Guillermo F. De Guzman-Vendrell, Esq.

Counsels for PBJL

 

 

[tylerreddick]

Even if they get that settled, it doesn't really mean anything for GRB.

[Hubbie87]

I have a comment but somehow I think it would be another waste of time on Navajoe and another round of whack-a-mole!! I think serious investors know better and if approved will have a positive effect on share price. 

[shneps]

Just reading this latest update from PREPA. I'm confused by previous statements related to PBJL Energy is just waiting on one signature for the final signoff of the Montalva Project. In the above NR from PREPA they say "PREPA’s management has a meeting to evaluate PBJL’s most recent communication and settlement proposal, received on August 25, 2023." Three months ago you were merely

[BlindMouser]

"Formalities". Us plebs just wouldn't understand.

[tylerreddick]

Far too much confusion to be sure of anything.

[shneps]

To add to the confusion, Dr. Jose Arturo Acosta Gregory passed away on June 27th. To enlighten some people the doctor (AG Solar) is the land owner of all the Puerto Rico development lands for Montalva. How will this effect the lease agreements? The one big problem with everybody getting older, we all die eventually. Projects that take too long to execute might out live us.

[SvenVandeBroek]

Shneps, you do have a point here IMHO. When you read the recent filings it looks like they haven't really been proofread

[shneps]

My point here is that the CEO is responsible for proofreading the SEC documents, stating they are accurate. I believe it was in three letters that they had to reminded them of this fact. These are official documents as opposed to the video interiews placed on the internet. At the very least the two should be stating the same visions and not contradicting one another. That places doubt in ones mind

[shneps]

Sorry. It is both the CEO and CFO who are responsible for the statement accuracy. https://www.sec.gov/Archives/edgar/data/1570843/000106299323009880/exhibit12-1.htm https://www.sec.gov/Archives/edgar/data/1570843/000106299323009880/exhibit12-2.htm