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PREC to Hold Technical Hearings on Prepa Rate Hike

By on November 28, 2016

SAN JUAN (CyberNews)—Members of the Puerto Rico Energy Commission of (PREC), announced Monday that they will hold technical hearings on rate hikes at the Puerto Rico Electric Power Authority (Prepa) from November 29 to December 16.

The Puerto Rico Electric Power Authority (PREPA) logo is displayed in San Juan, Puerto Rico, on Friday, April 29, 2016. The indebted Caribbean island, home to 3.5 million U.S. citizens, has juggled dwindling resources from one hand to another for months now, to keep creditors at bay. The crisis is set to tip into a new phase this weekend when $422 million of payments are due and, as things stand, unlikely to be made in full -- threatening the biggest default yet. Photographer: Erika Rodriguez/Bloomberg via Getty Images

The Puerto Rico Electric Power Authority (PREPA) logo is displayed in San Juan, Puerto Rico Photographer: Erika Rodriguez/Bloomberg via Getty Images

According to a press release, Prepa and PREC representatives, along with intervenors in the rate revision process, will have the opportunity to participate in a lengthy question-and-answer session on the testimonies presented by the parties and their respective legal positions.

The PREC, as in previous occasions, organized the cross-examination of witnesses in the technical hearings for panels that will deal with several specific issues and topics, allowing an effective dialogue and a well-organized record, the statement added. Deponents may present their arguments in both Spanish and English, as simultaneous translation will be available to facilitating effective communication between the parties.

All panels will begin with questions from the PREC to the witnesses, followed by questions from Prepa to the commission’s intervenors and finally questions from the intervenors to the PREC’s witnesses and consultants.

The way in which the hearings are organized seeks to maximize time management and facilitate a detailed and effective analysis of the testimonies’ content, in accordance to the petition’s merits, the statement went on.

In addition to the PREC and Prepa, the participants in the technical hearing include Rooney Rippie & Ratnswamy LLP, the Independent Office of Consumer Protection, Sunnova Energy Corporation, Puerto Rico Aqueduct and Sewer Authority, Builders Association Of Puerto Rico, United Center of Retailers, Inc., CEMEX of Puerto Rico, Puerto Rico Association of Consultants and Contractors of Renewable Energy, Energy & Environmental Consulting Services Corp., Chamber of Commerce of Puerto Rico, Association of Industrialists of Puerto Rico, Association of Hospitals of Puerto Rico, Institute of Competitiveness and Economic Sustainability of Puerto Rico, State Office of Public Energy Policy and Windmar Group.

The technical hearings are slated to begin at 9:00 am in the PREC hearing auditorium, located on the 8th floor of the Seaborne Plaza Building at 268 Muñoz Ave. Rivera, in San Juan. The hearings will be recorded and transmitted live through the PREC website: energia.pr.gov.

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