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prima:Report that recommended $110 million advance to Genera PR did not analyze the company’s performance

Both the APP Authority and the Energy Bureau concluded that, in its first year, the operator did not justify more than $16 million in bonuses

July 9, 2025 - 2:41 PM

The $110 million proceeds of the amendment would have been disbursed over 11 months. (Carlos Giusti/Staff)

The report used by the government to justify the benefits of amending the Genera PR contract -a management frustrated by the Puerto Rico Energy Bureau (PREB) since April- is a document of only three pages that does not assess the probabilities that the company will be able to accrue the possible incentives, but includes a calculation based on two possible scenarios and warns that, due to the fragility of the fleet, it is complicated to perform the necessary tests to measure the capacity of the generation units.

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