CNE analyzed PREPA’s proposed $9 billion debt restructuring agreement and alerted of its potential dire consequences: insufficient debt-relief, significant rate increases and discouragement of distributed renewable generation. CNE and our allies’ advocacy efforts highlighted the defects of the agreement and contributed to the critical analysis of the sustainability of the debt agreement.
CNE testified before the US House Committee on Natural Resources in Washington D.C., stressing the need to phase out diesel, coal and natural gas facilities, maximize the installation of new renewable distributed sources, and ensure effective regulatory capacity.
