RE:Schoen Jeff, thanks for the reply. Now I understand GRB has gone "all in" on the PREB ALJ process and is not in the current RFP. Hopefully, your reply to my question has helped clarify the situation for some other shareholders, or maybe I was the only one who was confused?
No, I never want you to get in trouble posting on this board. I actually prefer to see info disseminated to all shareholders via GRB's website via updates to the Investor Deck or the specific project info pages.
You write:
"We have emailed each other on this topic several times."
Yes, we exchanged a few emails back in May of 2020, when Montalva's approval appeared to be a matter of months. If you think we had any emails in the 16 months siince then, you are mistaken.
I wasn't looking for all the details on the legal strategy. I honestly didn't understand your message board post that I quoted. The last communication re Montalva to all shareholders that I have seen was the 4/15/21 Corporate Update. That led me to believe GRB was still on a two-pronged, concurrent strategy: "The Company’s President Cliff Webb, P. Eng., has made the application for Montalva to participate in the new RFP. The bid package is extensive and we have received confirmation from two independent professional engineering firms in Puerto Rico that most of the remaining 13 shovel ready projects do not have the technical expertise to complete the intensive RFP process. In addition to the scarcity of interconnection points onto the grid, the final application will comprise over 5,000 pages of technical studies and drawings which most of the 13 other projects do not possess.
Concurrently, Greenbriar is in communications with the US Congress, the FOMB, PREPA, and PREB for the overturning of the previous two top rated projects, or in the alternative, the acceptance of our project outside of the RFP. On March 18, the Puerto Rico Energy Bureau and Public Service Regulatory Board issued a Summons to PREPA to answer our complaint that our key price information and interconnection costs were entered by PREPA incorrectly to the consultant who made the valuation for the two top rated projects. In July of 2020, both the above agencies approved our project as number one with US$250 Million of ratepayer savings. The PREB has appointed an Administrative Law Judge to expedite our case and make a ruling.
Our revised pricing has increased this savings to USD $425 Million from our original USD $1.9 Billion 2012 contract. The company will provide updates on the progress. PREPA has failed to answer the summons on the time-line as stipulated by the PREB."
Now I understand we are looking forward to the acceptance of Montalva outside of the RFP through the PREB process. The fact that GRB has 6 different complaints in front of PREB increases my confidence in the chosen strategy.