AGP Executive Report
Last update: 10 hours agoPower and Debt: PREPA’s roughly $9 billion debt restructuring remains at a standstill, while only $2.7 billion of $10.7 billion in obligated FEMA reconstruction aid had been disbursed by July. Puerto Rico’s residential power rate was 31% above the U.S. average in March. Port Investment: Global Ports Holding plans more than $300 million in San Juan port upgrades, including a privately financed $200 million terminal at Piers 11 and 12 and a $114 million rebuild of Pier 1, funded mainly with federal resources. Jobs: September payroll employment rose by 7,500 year over year to 954,500, but unemployment climbed to 6.2%. Education and health services added 3,700 jobs month to month, while professional and business services lost 1,000. Clean Energy: A new partnership aims to advance renewable energy, infrastructure and workforce training across Puerto Rico, the U.S. Virgin Islands and the Caribbean. Separately, Polaris awarded a contract for a 35.7-megawatt battery storage system at its Punta Lima project.
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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