Tag: Fuentes Strategies

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 ...

Spotlight on Puerto Rico – Governor’s rep in Fiscal Oversight Board (FOB) resigns

By Jennice Fuentes / Fuentes Strategies Governor Ricardo Rossello’s official representative on the Fiscal Oversight Board (FOB), Elías Sánchez, has resigned just six months into the post. Sánchez, a close confidante who also served as Rosselló’s campaign manager, said he was satisfied with the work he accomplished thus far, citing approval of the Fiscal Plan, the Island’s new ...

Spotlight on Puerto Rico – GDB Voluntary Restructuring Gets Green Light

Spotlight on Puerto Rico – GDB Voluntary Restructuring Gets Green Light

By Jennice Fuentes / Fuentes Strategies The Fiscal Oversight Board (FOB) has approved the Restructuring Support Agreement (RSA) for the Government Development Bank (GDB). This is the first voluntary Title VI debt restructuring agreement under PROMESA. The FOB certified the RSA, with additional conditions that have yet to be made public. Implementation of the agreement is subject to ...

Spotlight on Puerto Rico – Statehood wins landslide vote marred by boycott, low turnout

Spotlight on Puerto Rico – Statehood wins landslide vote marred by boycott, low turnout

By Jennice Fuentes / Fuentes Strategies Puerto Rico held its fifth non-binding status referendum on Sunday, as 97% of voters who turned out voted for the Island to become the 51st state. The New Progressive Party (NPP) was the only political party that participated in the vote, while all opposition parties called for a boycott, resulting in the ...

Spotlight on Puerto Rico – FOB certifies Governor's budget pending adjustments

Spotlight on Puerto Rico – FOB certifies Governor’s budget pending adjustments

By Jennice Fuentes /Fuentes Strategies Governor Ricardo Rosselló’s proposed $9.2 billion budget was quickly certified by the Fiscal Oversight Board (FOB), but with several caveats. FOB Chairman, José Carrión, wrote to the Governor and legislative leaders stating that, in order for the budget to take effect, the Legislature would have to make adjustments to certain ...