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Sunday, October 11, 2026 · UTC
Puerto Rico

AEE terminates nearly $5.9 billion Power Expectations contract

The Puerto Rico Electric Power Authority ended the agreement after the utility failed to post a required $1.18 billion performance bond amid ongoing scrutiny.

Politics Correspondent
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Stands on 4 placed sources from 2 publishers.
The Puerto Rico Electric Power Authority (AEE) terminated a nearly $5.9 billion contract with Power Expectations, ending a deal that would have supplied temporary generation capacity to the island. [3] AEE stated that the termination occurred because Power Expectations failed to present the $1.18 billion performance bond required to keep the agreement active. [2] The contract had been set to expire on August 7, a date that drew public attention from Senate President Thomas Rivera Schatz, who questioned the timing of the renewal process amidst the unfolding scandal. [1] The termination means Puerto Rico will not receive the 400 megawatts of additional temporary generation capacity the contract was intended to provide. [4] Without this power, the island continues to face deficits in its temporary generation needs.
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What this stands on
  1. Thomas Rivera Schatz, the President of the Puerto Rico Senate, publicly questioned the timing of the 3PPO contract renewal on August 7 amidst the Power Expectations scandal. · Metro Puerto RicoPuerto Rico
  2. The Puerto Rico Electric Power Authority (AEE) cited Power Expectations' failure to present a $1.18 billion performance bond as the reason for terminating the contract. · Metro Puerto RicoPuerto Rico
  3. The Puerto Rico Electric Power Authority (AEE) terminated a nearly $5.9 billion contract with Power Expectations. · WAPA.TV
  4. Puerto Rico continues to lack the 400 megawatts of additional temporary generation capacity that the contract would have provided. · WAPA.TV
The one we could place publishes from Puerto Rico. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.