Sharing my thoughts
Since there are few on this board that are interested in my posts here's what I think may happen. PREB/PREPA are eager to get 593mw/16 shovel ready projects built. 5 of the 16 totaling 218mw have been approved by PREB. This week I believe 2 or 3 more will be approved, or half of the 16, totaling approximately 300mw. This is what PREPA would like to see approved by FOMB and will submit all 300mw of PREB approved projects to the FOMB later this week. The FOMB, according to Jeff, is adamant that they will only accept 150mw of the 16/593mw projects, because, in their reference to the 2020 certified fiscal plans, the newly negotiated rates are still too high. The FOMB agrees that they need some solar projects built ASAP so they will accept 150mw at these "inflated" prices just to get the ball rolling because if they reject all the projects it will mean months of delays. Time they cannot afford. Who gets their own way, 150mw or 300mw, is anybody's guess but the back and forth negotiations MAY result in 2 more weeks of delays... and we all know what delays mean for the share price. But overall I have a difficult time trying to figure out why we wouldn't make even the worst case scenario, the 150mw cut. If we do make that cut and rates are renegotiated lower for the remainder 443mw of projects, logic would tell you that we now have a rare and valuable asset that would be very attractive to an investment fund. If we don't make the cut then we quickly become a penny stock again. Hang on, because of these delays this may get uglier before it gets better.