Monday, September 21, 2020

Former Puerto Rico power company chairman named executive director

By on July 18, 2018

Elí Díaz, Gov. Ricardo Rosselló and José Ortiz (Cybernews photo)

SAN JUAN – Gov. Ricardo Rosselló announced Wednesday the appointment of José Ortíz to head the Puerto Rico Electric Power Authority (Prepa).

Ortíz’s annual salary, the governor said, will be $250,000, “with the benefits of a regular employee,” as put in a release by the governor’s office, La Fortaleza.

The salary is one-third of what was offered the last director named, Rafael Díaz Granados. He and other board members left their seats after a political backlash against the amount decided, especially from the governor. Walter Higgins III announced that his resignation was related to issues with his $450,000 base pay, plus bonuses offered that it later seemed like he would not be paid.

“He isn’t coming to learn,” Rosselló said at a press conference, referring to Ortiz having chaired the public utility, while current Prepa Chairman Elí Díaz Atienza assured that the appointment was approved unanimously.

“We can’t continue planning too long,” the new power company CEO said, adding that his focus will be on accelerating the implementation of initiatives and that “substantial change” will be seen between December and March.

Puerto Rico Electric Power Authority Chairman Elí Díaz said the engineer accepted a salary that “adjusts to the fiscal reality” of the island and the public corporation.

“Our thanks to Engineer José Ortiz for agreeing to lead the Puerto Rico Electric Power Authority in times of fiscal challenges and profound changes. Engineer Ortiz is a proven public servant, who has worked with administrations of different political parties, so I have no doubt that he will be able to direct the energy transformation agenda of our Administration, with the benefit of the People of Puerto Rico as his only focus,” the governor said.

Chairman Díaz praised Ortiz’s career of more than 30 years “dealing with tax and operational issues of public corporations, private manufacturing, and real estate,” La Fortaleza said.

“The experience of Engineer Ortiz will be fundamental in this stage of changes in the public corporation. The Governing Board of PREPA will work as a team together with the executive management to achieve a modern and cost-effective electricity system for customers,” Díaz said.

Ortiz will step in for Higgins III on July 23 to head the utility which is in the process of being privatized.

La Fortaleza said that when Ortiz, an electrical engineer, chaired Prepa’s governing board from 2011 to 2013, “the public corporation invested in critical infrastructure such as the conversion of generating units to natural gas. In addition, under his leadership, the first large-scale renewable energy projects were developed in Puerto Rico.

“Additionally, Ortiz worked as the executive director of Infrastructure for the Puerto Rico Aqueduct and Sewer Authority (PRASA) from 2004 to 2007 and oversaw the development of the Capital Improvement Plan for the public corporation. This required the investment of approximately $2.3 million for the design and construction of new treatment plants and improvements to the sanitary system, as well as to improve the availability of drinking water and sanitary systems.

“Later, Ortiz assumed the position of executive president of PRASA from 2007 to 2013. Ortiz led efforts to improve the credit rating of PRASA on an investment scale after 14 years of being on the verge of junk. He also negotiated three consented decrees with the Federal Environmental Protection Agency (EPA) to end over 20 years of noncompliance.

“During this period, Ortiz was also a member of the Water Utility Council of the American Water Works Association from 2011 to 2013. This Council is responsible for establishing legislative and regulatory priorities for the Association to ensure effective representation in Washington, DC for the benefit of the consumers.

“Additionally, Ortiz was president of the Interagency Committee of the American Recovery and Reinvestment Act (ARRA) from 2009 to 2013. This Committee was constituted to supervise and invest the funds received under this federal law. This program successfully invested $7.2 billion in critical infrastructure and was awarded by its responsible administration of public funds.

“Engineer Ortiz was also president of the Puerto Rico Infrastructure Financing Authority (AFI, for its Spanish acronym) from 2009 to 2012. During his presidency, he led the development of infrastructure work valued at $1.5 billion, including the construction and rehabilitation of 130 schools, sports facilities for the Central American Games of 2010, as well as the expansion and improvement of Centro Médico Hospital in Puerto Rico.

“After nearly a decade of public service, Ortiz returned to the private sector to work as vice president of Strategic Development for Wyndham Worldwide from 2013 to 2018.

“Ortiz studied engineering at the University of Puerto Rico and holds a Master’s degree in Business Administration and Finance from the University of Turabo.”

–Cybernews contributed to this report.

Congress concerned about politicization of Puerto Rico power company

Puerto Rico’s power company selects water utility director as chairman

You must be logged in to post a comment Login