Governor’s Politics Are Interfering With an Already Slow Recovery in Puerto Rico

first_imgGovernor’s Politics Are Interfering With an Already Slow Recovery in Puerto Rico FacebookTwitterLinkedInEmailPrint分享E&E News:The outlook for the restoration of Puerto Rico’s ravaged power grid took a backward step after Gov. Ricardo Rosselló hinted he would challenge the appointment of an emergency manager for grid recovery that was announced Wednesday by the bankrupt island’s federal oversight board.The Puerto Rico Financial Oversight and Management Board, which Congress established to oversee the U.S. territory’s fiscal crisis, had moved to wrest control of the halting grid recovery efforts away from the island’s utility, the Puerto Rico Electric Power Authority (PREPA), which reports to Rosselló.But in a combative statement following that announcement Wednesday, Rosselló asserted that the management of Puerto Rico’s public companies “rests exclusively on democratically elected officials,” potentially setting the stage for a legal tussle over the utility’s future.The board picked its revitalization coordinator, Noel Zamot, a retired Air Force colonel and native Puerto Rican, to serve as “chief transformation officer” for emergency power restoration and future, undefined efforts to build a more modern, resilient power network on the island.If the governor takes the issue to court, it will set up conflict with the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), enacted by Congress in June 2016.If the governor battles the federal oversight board’s choice for new leadership at PREPA, it will get no support from PREPA’s electricity workers’ union, the Unión de Trabajadores de la Industria Eléctrica y Riego (UTIER).The head of the union, Ángel Figueroa Jaramillo, said in an email that federal overseers are legally able to unseat PREPA’s board and its CEO. “This action by [PROMESA] confirms UTIER’s denunciations of the bad management, corruption and incompetence of the management and of Ricardo Ramos during the emergency occasioned by Hurricane Maria,” Jaramillo wrote.Tom Sanzillo, finance director for the Institute for Energy Economics & Financial Analysis in Puerto Rico, a business and environmental advocacy group, said “I think the board’s authority to do this [appoint Zamot] is pretty explicit.”The PROMESA legislation gave the oversight board authority to oversee Puerto Rico’s “public agencies,” which would define PREPA.Rosselló needs to see the oversight board as his partner, not his opponent, Sanzillo added.“There are times when a governor has to draw a line” with Washington, said Sanzillo, former acting comptroller of the state of New York. “But this is a fight over something that screams out for oversight. He’s trying to defend a system that has produced one bad contract and one bad decision after another. He’s just wrong.”More: Tensions build over control of Puerto Rico utilitylast_img read more

Jaguars hopefuls commence outdoor training

first_imgDESPITE some light showers for the most part of yesterday morning, members of the Guyana Jaguars training squad had their first outdoor training, under the guidance of head coach Esaun Crandon, assistant coach Rayon Griffith, Michael Hyles Franco and Clive Grimmond at the Guyana National Stadium, Providence.The players went through their regular fitness drills along with a number of routine exercises.The biggest concern for the squad in terms of preparation remains the weather, but Griffith isLeon Johnson is assisted by Clive Grimmond during his training yesterday.optimistic that the players will make full use of whatever outdoor preparations are made available.The Guyana Jaguars will do battle in Group B of the Super50 which runs from January 24 to February 18 in Antigua and Barbados.Group B comprises last year losing finalists Barbados Pride, Combined Campuses and Colleges Marooners, Jamaica Scorpions and ICC Americas.Meanwhile, title-holders Trinidad & Tobago Red Force, Leeward Islands Hurricanes, Windward Islands Volcanoes, the West Indies U-19s, and visiting English County Kent Spitfires have been installed in Group A.last_img read more

Bettingmetrics aims for ‘higher learning’ with £150k seed investment

first_img StumbleUpon Submit Industry start-up Bettingmetrics has announced a major ‘enterprise goal’ having secured £150,000 in seed investment, supported by London venture capital fund RLC Ventures.Founded in 2016 by the engineering team of Martin Grozev (CEO) and Slavomir Semov, Bettingmetics (Bettingmetrics.com) seeks to revolutionise betting tutorials, creating a marketplace where punters can exchange wagering tips, knowledge and advice.In their enterprise mandate, Grozev and Semov have stated that they wish to bring a new level of sophistication to betting player communities, in which punters are supported with the best data-driven tools to make informed choices and market analyses.Seeking to develop the most informed player community, the Bettingmetics platform has a built-in odds comparison engine, supported with player betting tracker and portfolio management tool.Furthermore, player development is supported through Bettingmetrics ‘marketplace’ and ‘university’ where players can sell betting tips, follow community members and gain free-market tutorials.Detail community insights to AffiliateInsider last January, Martin Grozev, Co-founder of Bettingmetrics, explained: “We have always believed that the only way to establish long term business relationship is when both parties are happy. We know how much work tipsters put down in order to make their analysis and build quantitative models, hence we will try to always offer a fair deal that will make tipsters happy, so they can focus on what they do best.”Updating stakeholders, Grozev detailed that the secured investment would be used for scaling and enhancing product development.Reece Chowdry – RLC VenturesBettingmetrics becomes the tenth investment of RLC Ventures, a specialist fund in ‘early enterprise financing.The seed funding round was led by Reece Chowdry CEO & Founder of RLC Ventures, who backed Bettingmetrics prospects:-“The team have demonstrated brilliant traction by growing their user base by 60 per cent per month and achieving solid growth in recurring revenue. We are excited to back their team in this next stage of growth and product development. Share Sharelast_img read more