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Energy panel could issue ruling on Prepa Resource Plan amendments Friday

By on February 9, 2017

SAN JUAN – Puerto Rico Energy Commission Chairman Agustín Carbó said Thursday that the panel will issue Friday its final determination on amendments to the Puerto Rico Electric Power Authority’s (Prepa) Integrated Resource Plan (IRP).

“We expect to have a ruling Friday. We are working on the final details,” he told Caribbean Business

The Puerto Rico Electric Power Authority (PREPA) logo is displayed in San Juan, Puerto Rico, on Friday, April 29, 2016. (Erika Rodriguez/Bloomberg via Getty Images)

The Puerto Rico Electric Power Authority logo (Erika Rodriguez/Bloomberg via Getty Images)

The IRP is a 20-year plan developed by Prepa that focuses on ensuring the development of the electric power system on the island, as well as reliability improvements, efficiency and transparency of the system.

Through a resolution, the PREC disapproved last year of Prepa’s IRP, but approved a modified resource plan and ordered the public corporation to submit “specific elaborations” to the altered document. The PREC ruled that the plan was “incomplete” for lack of a charge forecast with historical comparisons, a “trustworthiness evaluation, absence of resource optimization in the expansion model, and unfulfilling the standards for energy efficiency, renewable energy and generation performance.”

The PREC imposed a $15 million spending cap in the Aguirre Offshore GasPort and the shut down of several power plants by 2020. Prepa is already too deeply involved in the GasPort to go back and is relying on natural gas to reduce rates. It also asked the utility to begin construction on a new combined-cycle unit.

Prepa then asked the PREC to reconsider and amend its recent order on the utility’s IRP in order to be allowed to begin construction of the Aguirre Offshore GasPort and conversion of existing southern region powerplants to natural gas.

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