FTI Consulting Advises on Agreement between Puerto Rico Public-Private Partnerships Authority and Genera PR LLC
Washington, D.C., Feb. 7, 2023 — FTI Consulting, Inc. (NYSE: FCN) today announced it advised the Puerto Rico Public-Private Partnerships Authority (“P3 Authority”) on a 10-year operation and maintenance agreement with Genera PR LLC and the Puerto Rico Electric Power Authority (“PREPA”).
Professionals from FTI Consulting’s Corporate Finance & Restructuring segment served as technical and commercial advisors to the P3 Authority during the more than two-year process, culminating with the agreement in which Genera will manage, operate, decommission and modernize the PREPA-owned thermal power generation system. The goal will be to reduce costs and improve power generation reliability across Puerto Rico.
The agreement marks a milestone in Puerto Rico’s efforts to transform the territory’s electrical system, which has been devastated by hurricanes and earthquakes over the past few years.
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Source: FTI Consulting, Inc.
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