Claiming ignorance of several procedures in the administrative files of the PUERTO RICO ENERGY BIRTH (NEPR), Generates pr He gave up on Tuesday from the judicial appeal that had urged June 2 against the regulator, through which he sought to The amendments will be approved that he had preliminaryly agreed with the government and that they would have meant an advanced payment of $ 110 million in exchange for giving up future bonuses.
“After examining the brief presented by the Energy Bureau dated June 18, 2025, it generates PR LLC appears and notifies its decision to voluntarily withdraw for its application for administrative review, to this having become academic.”the lawyers of the operator of the generatrix operator held, in a brief subject to the Court of Appeals.
According to generates PR, In the June 18 dismissal applicationthe NEPR included documents and information to which the company had not had access, among them, A denagatory of April 28 to the draft contractual amendments than the Electricity Authority (AEE) had submitted the regulator. It also generates PR indicated that he had no knowledge, until the allegation of the NEPR, that the Authority for private public alliances (AAPP) never submitted a request for energy compliance certification to the agency.
Through the Certificate of Compliance, the Valida NEPR that a contract or amendment is aligned with the current public policy.
In this case, the regulator objected to the amendments agreed in principle between generates PR and the Government because they did not contain guarantees before an insolvency scenario of the insolvency of New Fortress Energy (NFE), private operator matrix. NFE’s actions, until last week, had fallen by more than 85% since the beginning of the year and the gas has begun to feel the pressure of their creditors in the impossibility of a default, He reviewed the new day in past days.
According to PR, its ignorance about the denial of April 28 responded to that “The negotiated did not notify generating that determination, and such a resolution is not published in the official portal of this entity that contains the cases of the cases”.
The NEPR maintained, in its June 18 argument, that the AAPP is the only entity with the power to submit a contract or amendment to its consideration, so it denied access to generates PR to the evaluation file.
The amendment draft that the AEE submitted to the NEPR on March 31 proposed to eliminate the incentive scheme originally agreed, through which the company can accrue up to $ 100 million annually in bonuses associated with various performance lines. In return, Generates PR would receive payments up to $ 110 milliondistributed in 11 monthly disbursements of $ 10 million.
The spoiled amendment was even highlighted by Governor Jenniffer Gonzálezin your state situation message, as one of the main achievements of your administrationholding that it would produce more than $ 800 million in savings.
