AGP Executive Report
Last update: 6 hours agoPuerto Rico Energy & Governance: Former PREPA executive director Mary Carmen Zapata Acosta told lawmakers she signed the “Power Expectations” emergency generation contract without knowing consortium signatures were allegedly invalid, as the House committee probes how the $5B, 400MW deal unraveled. University Funding: The Financial Oversight and Management Board approved releasing $3.738M to the University of Puerto Rico after UPR hit a fiscal transformation milestone tied to periodic financial closings. Water Crisis Relief: Puerto Ricans in Florida are organizing donations and water deliveries through Boricua de Corazón, while local experts say the island’s water problems have deeper infrastructure and financial roots. Mortgage Costs: After the Fed’s rate hike, Puerto Rico mortgage rates could start climbing at local banks this week, with 30-year fixed rates cited near 6.95%. Local Business & Media: Two major Puerto Rican newspapers—Primera Hora and El Nuevo Día—will end print editions and go digital only. Banking & Fraud: A former Nodus International Bank CEO was sentenced to 112 months for a $24.9M fraud and Venezuela sanctions-evasion scheme. Investor Legal Watch: Flotek (FTK) faces new securities class-action filings tied to its Puerto Rico power agreement, with a lead plaintiff deadline of Oct. 26, 2026.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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