Etiqueta: Fuentes Strategies

Washington Watch – Spotlight on Puerto Rico: Governor Ricardo Rosselló Pursues More Help from Congress

Washington Watch – Spotlight on Puerto Rico: Governor Ricardo Rosselló Pursues More Help from Congress

By Jennice Fuentes / Fuentes Strategies Governor Ricardo Rosselló sent a letter to Congressional leaders requesting additional billions in federal funding. In the letter, the Governor listed his priorities for the lame-duck Congressional session and requested an additional disaster appropriation of $600 million for the Nutrition Assistance Program (NAP) and another $3.2 billion for Medicaid. In his letter ...

Washington Watch – Spotlight on Puerto Rico: POB Creditors Stand to Lose After Court Puts Their Claims in Doubt

By Jennice Fuentes / Fuentes Strategies Federal Judge Laura Taylor Swain, appointed by Chief Justice John Roberts to oversee the Puerto Rico debt restructuring process mandated by PROMESA, ruled that the creditors who won Pension Obligation Bonds (POBs) did not properly draft the paperwork awarding them a lien over the Retirement Systems Administration’s (ASR in Spanish) assets. This ...

aee prepa

Washington Watch – Spotlight on Puerto Rico: Governor Announces Plans to Privatize PREPA

By Jennice Fuentes / Fuentes Strategies Governor Ricardo Rosselló announced his intention to sell the Electric Power Authority’s generation assets and enter into public private partnerships (PPPs) for the distribution and transmission of electricity in Puerto Rico, a process anticipated to take 18 months. The Governor’s decision opens the door to a potential legal dispute with PREPA’s creditors. ...

Washington Watch - Spotlight on Puerto Rico: Puerto Rico increasingly anxious as tax reform passes Senate

Washington Watch – Spotlight on Puerto Rico: Puerto Rico increasingly anxious as tax reform passes Senate

By Jennice Fuentes / Fuentes Strategies The Senate voted to pass their version of tax reform in the early hours of Sunday morning, increasing anxiety among Puerto Rican government and business leaders. Both the Senate and House versions of tax reform consider Puerto Rico a foreign jurisdiction for tax purposes, despite its status as a Commonwealth under the ...

ricardo rossello

Washington Watch, Puerto Rico Special Edition: Federal Judge Blocks FOB PREPA appointment

By Jennice Fuentes / Fuentes Strategies In an unexpected move, federal judge Laura Taylor Swain decided not to confirm the appointment of Noel Zamot as Chief Transformation Officer of the Electric Power Authority (PREPA). Zamot was appointed by the Fiscal Oversight Board (FOB) in the wake of the recently canceled $300 million contract with Whitefish Energy. Judge Swain ...

Ricardo Ramos

Spotlight on Puerto Rico: PREPA Chief Skips Congressional Hearing; Committee opens door for PROMESA revisions

By Jennice Fuentes / Fuentes Strategies Electric Power Authority (PREPA) Executive Director Ricardo Ramos was scheduled to testify before the House Natural Resources Committee on Tuesday. However, late Monday night Ramos sent a letter to Chairman Rob Bishop (R-UT) notifying him that he would not be in attendance, citing the need to help PREPA rebuild the Island’s electricity ...

Spotlight on Puerto Rico: Board requests new Fiscal Plan from Rosselló, public corporations

Spotlight on Puerto Rico: Board requests new Fiscal Plan from Rosselló, public corporations

By Jennice Fuentes / Fuentes Strategies The Fiscal Oversight Board (FOB) yesterday held its tenth meeting in San Juan. FOB Executive Director Natalie Jaresko said that Hurricane María changed the reality in Puerto Rico and requested that Governor Ricardo Rosselló draft a new Fiscal Plan for the Commonwealth by December 22. Jaresko and Rosselló’s Representative on the FOB, ...

Washington Watch – The Long Game: Puerto Rico (and Everything Else) Overshadowed by Tweet Wars

Washington Watch – The Long Game: Puerto Rico (and Everything Else) Overshadowed by Tweet Wars

By Jennice Fuentes / Fuentes Strategies The President was elected on the promise of changing the culture in Washington, and perhaps he has. In the new D.C., large-scale humanitarian disasters, like Hurricane Maria’s devastation in Puerto Rico, feel like they barely register at the Oval Office. Moments in history that would otherwise define a political generation—for example, the ...

Washington Watch – Hurricane María Special Edition

Washington Watch – Hurricane María Special Edition

By Jennice Fuentes / Fuentes Strategies The Long Game Special Edition: Hurricane María Today’s section of the Long Game is written from the heart, and in contribution to the growing narrative around the challenges facing my beloved Puerto Rico. Less than a week ago, Hurricane María devastated the Island, exploiting every possible weakness in infrastructure and geography to ...