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Bullboard - Stock Discussion Forum Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar... see more

TSXV:GRB - Post Discussion

Greenbriar Sustainable Living Inc > PREPA Extension to Sept 13
View:
Post by Hubbie87 on Aug 30, 2023 5:18pm

PREPA Extension to Sept 13

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
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. (787) 395-7133
Fax. (787) 497-9664
Counsel for PREPA
CARLOS R. SOSA PADRO LAW OFFICE
PO Box 191682 San Juan, Puerto Rico 00919-1682
 
 
Tel.: (787) 250-0081; Tel/Fax: (787) 250-0078 csosalaw@gmail.com
s/Carlos R. Sosa Padro Carlos R. Sosa-Padro, Esq.
De Guzman Law Offices
P.O. Box 362738 San Juan, PR 00936-2738 Mobile (787) 646-3597 Ph.(787) 756-2765 Fax (787) 756-4024 gdeguzman@dgglawpr.com TSPR (RUA) No. 6370 USDC-PR No. 205112
s/Guillermo F. De Guzman-Vendrell Guillermo F. De Guzman-Vendrell, Esq.
Counsels for PBJL
 
 
Comment by tylerreddick on Aug 30, 2023 5:51pm
Even if they get that settled, it doesn't really mean anything for GRB.
Comment by Hubbie87 on Aug 30, 2023 6:10pm
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. 
Comment by shneps on Sep 02, 2023 11:08am
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 ...more  
Comment by BlindMouser on Sep 02, 2023 11:20am
"Formalities". Us plebs just wouldn't understand.
Comment by tylerreddick on Sep 02, 2023 12:08pm
Far too much confusion to be sure of anything.
Comment by shneps on Sep 02, 2023 1:13pm
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.
Comment by SvenVandeBroek on Sep 02, 2023 8:31pm
Shneps, you do have a point here IMHO. When you read the recent filings it looks like they haven't really been proofread
Comment by shneps on Sep 03, 2023 7:29am
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 ...more  
Comment by shneps on Sep 03, 2023 7:34am
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
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