## Puerto Rico Regulators Tentatively Approve New Fortress Energy Deal
Regulators in Puerto Rico have given preliminary approval to a $3 billion agreement with Wes Edens’ New Fortress Energy Inc. The deal involves developing and operating infrastructure to supply natural gas and electricity across parts of the island.
### Details of the Agreement
The proposal seeks to enhance Puerto Rico’s energy reliability by modernizing existing power facilities and integrating liquefied natural gas (LNG) terminals. Under the deal, New Fortress would also manage certain generation assets for the Puerto Rico Electric Power Authority (PREPA).
According to officials, the plan is still pending final approval from both local regulators and federal oversight boards. Supporters argue that the investment will reduce dependence on oil and stabilize prices, while critics question long-term energy costs and environmental impacts.
### Political and Public Reaction
Puerto Rico’s governor backed the tentative decision, calling it a step toward energy independence. However, some lawmakers and environmental groups pushed for greater transparency, citing concerns over privatization and potential contract risks.
> “This deal represents a significant milestone, but we must ensure accountability,” said one member of the energy commission.
The approval follows years of rebuilding efforts after Hurricane Maria devastated the island’s outdated grid.
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**Author’s summary:** Puerto Rico regulators gave preliminary approval to New Fortress Energy’s $3 billion infrastructure deal aimed at modernizing the island’s power grid and boosting energy reliability.
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Bloomberg — 2025-11-29