AGP Executive Report
Last update: 3 hours agoPuerto Rico Treasury Update: Puerto Rico closed Fiscal Year 2026 with General Fund net revenues of $13.91 billion, up $279.1 million (2%) year over year, driven by stronger corporate and individual income tax collections and a jump in June receipts tied to manufacturing. Energy & Legal Fallout: PREPA’s board accepted the resignation of executive director Mary Zapata Acosta, naming Fernando Osorio as interim chief, amid controversy over a canceled 400 MW emergency power contract; Power Expectations is suing PREPA in federal court, alleging breach and bad faith after the Financial Oversight and Management Board revoked approval over alleged forgery. Household Safety Recall: Clorox recalled about 6.3 million bottles of Mistolin and Lestoil cleaners sold in Puerto Rico and the U.S. Virgin Islands due to potential Pseudomonas aeruginosa contamination, with higher risk for people with weakened immune systems or medical devices. Labor & Services: The Family Department extended an in-home aide services contract pending Financial Oversight Board review, keeping elderly and disabled home support running while paperwork clears. Corporate Finance Watch: Shareholder-rights firms renewed alerts tied to Flotek Industries (FTK) securities litigation, citing claims connected to its Puerto Rico Electric Power Authority project.
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