Puerto Rico Reopens Power Auction After Court Blocked Deal

The Puerto Rican government is reopening bidding for a disputed 800MW temporary power generation auction after a local court halted the process, said Governor Jenniffer Gonzalez late Thursday.

• Contract terms now extended for 10 years
• More than 12 companies expressed interest in the original three-year deal, which was awarded to Miami-based Power Expectations
  • Javelin Global Commodities, Gothams Energy and Karpowership appealed decision
  • New Fortress Energydisqualified from initial auction

To contact the reporters on this story:
Ruth Liao in Washington at rliao64@bloomberg.net;
Jim Wyss in San Juan at jwyss9@bloomberg.net

To contact the editors responsible for this story:
Joe ...