What does New Fortress Energy’s bankruptcy mean for Puerto Rico?

New Fortress Energy is unable to pay its debts and has entered into a restructuring agreement with some of its creditors.

“It is clear from this presentation that Genera [PR] will continue to act in the interest of its parent company in pushing greater quantities of gas on Puerto Rico, regardless of the best interests of Puerto Rico ratepayers.

The government of Puerto Rico may have an opportunity with NFE’s current financial restructuring to escape an onerous contract with a company that has not proved to be a good business partner for the island.”

@Jdm2 This is what happens when life-critical services like electricity and energy in general are privatized. Deals get made for profit, financial risks are taken to give more money to stockholders and the public is always the loser, at the end of the line getting nothing but getting screwed.
Invest in renewable energy sources, micro grids and self-sustainability: plan for a future.
@Jdm2 hora de comprar placas solar con baterías. Cómo ha hecho la gente en Pakistán https://www.weforum.org/stories/2025/08/pakistan-energy-affordable-reliable-electricity/
@Jdm2 su plan era evitar la quiebra *quintuplicando* la cantidad de gas natural vendido a Puerto Rico.