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New Fortress Energy Disqualified From Puerto Rico Power Auction

Summary by Financial Post
(Bloomberg) — New Fortress Energy has been disqualified from an auction held by the Puerto Rican government to secure temporary power generation, the latest setback for billionaire Wes Edens’ troubled company.

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Governor Jenniffer González urged the directors of New Fortress, the owners of Genera PR, to "complain all they want" about the decision not to allow them to participate in the process to acquire power generation...

Center

According to the company, its offer of 25 cents per kilowatt hour – above the existing average cost – was lower than those selected by the government.

·Puerto Rico
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By Editor Es Noticia redacción@esnoticiapr.com Gov. Jenniffer González Colón explained on Tuesday the reasons why the company New Fortress, owner of Genre PR, was not accepted by the Private Public Alliances to offer temporary emergency generation. “Because of the information I have, it is that New Fortress was forbidden to participate in this generation, because they already have generation contracts with Puerto Rico, they already have transmis…

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Es Noticia PR broke the news in on Tuesday, May 20, 2025.
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