EXHIBIT 29 

Case:17-03283-LTS Doc#:4014-25 Filed:10/04/18 Entered:10/04/18 16:51:23 Desc:

Exhibit 29 Page 1 of 4
10/2/2018 PREPA To Continue the Strategic Emergency Operations Plan

https://www.aeepr.com/Noticias/noticiasread.asp?r=MVTSJUOPCM 1/3

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PREPA To Continue the Strategic Emergency Operations Plan

viernes, 23 de febrero 2018

February 23, 2018

PREPA To Continue the Strategic Emergency Operations Plan

Noticias Más Leídas

Portada (../default.asp)

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Case:17-03283-LTS Doc#:4014-25 Filed:10/04/18 Entered:10/04/18 16:51:23 Desc:

Exhibit 29 Page 2 of 4
10/2/2018 PREPA To Continue the Strategic Emergency Operations Plan

https://www.aeepr.com/Noticias/noticiasread.asp?r=MVTSJUOPCM 2/3

Facebook

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La @AEEONLINE informó que brigadas del

Distrito Técnico de Guaynabo inician la

energización de los clientes afectados por los

postes caídos en la avenida Martínez Nadal. Se

espera que para las 8:30 PM culmine el proceso.

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Enlaces

New Fiscal Plan for PREPA

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CERTIFIED.pdf)

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Interconexión de GD y Medición Neta

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Third Supplement to the Amended

and Restated Restructuring Support

Agreement

(http://www.aeepr.com/docs/THIRDSUPPLEMENT.pd

Información sobre la petición de la

Autoridad de Energía Eléctrica para

acogerse al Título III de la Ley

PROMESA

(http://aeepr.com/hitbannerTitleIII_save.asp?

r=new)

Invitation Letter (../Docs/Invitation

letter.pdf) / Request for ProposalsIntegrated Resource Plan (IRP)

(../Docs/IRP RFP 20180310 .pdf)

PREPA IRP Stakeholder Engagement

(../Docs/PREPA IRP Stakeholder

Meeting June 4-6v2.pdf)

SAN JUAN - Today the Puerto Rico Power Authority (PREPA) accepted an

emergency loan of $300 million from the Puerto Rico Treasury. This loan

provides PREPA the liquidity needs to continue to provide comprehensive

power service to their customers and continue the restoration efforts in the

near term. The loan comes in time to avert any power cuts to customers.

On Sunday, February 18, 2018, PREPA began a controlled shut down of

operations of the Mayaguez Plant and some combustion turbine units at the

Palo Seco Plant, as an initial step in its Strategic Emergency Operations Plan

to preserve cash.

“The $300 million loan and cost-savings from PREPA’s Strategic Emergency Operations Plan will give PREPA

needed liquidity to mid-April. PREPA intends to continue implementing this Plan to preserve liquidity and

conserve money,” says Ernesto Sgroi, President of the governing body of the Electric Power Authority.

The implementation of the Strategic Emergency Operations Plan is not expected to impact the overall posthurricane power grid restoration efforts.

PREPA is working to obtain additional funding needed in the next 60 days, including continuing to pursue the

possibility of a Community Disaster Loan (CDL) program from the General Fund of the US Government.

Ernesto Sgroi, President of the governing body of the Electric Power Authority, released the following statement:

“With this loan, PREPA won’t have to cut power to customers; it gives us the liquidity needed to continue the

restoration. This is a short-term fix. While this loan does not solve our problems, it is good news for customers.

There is still a lot of work to do and more tough choices to make in the near term.”

“PREPA is looking to the future while still dealing with multiple challenges. After careful consideration, we

decided to continue with our emergency operation plan. While it puts more stress on our infrastructure, it is the

best move to conserve resources and demonstrate our commitment to a more efficient operation.”

“PREPA will continue with our mission and continue restoration work within the constraints presented to it.”

PREPA’s Long-Term Transformation Plan

PREPA’s governing board, following extensive consultations with the utility industry leaders serving on PREPA’s

Transformation Advisory Council, recently voted to approve the development of a long-term transformation plan.

This will not only enable PREPA to emerge from bankruptcy but will ensure a restoration of power while creating

a model for power generation and delivery in Puerto Rico that sets a new standard for cost, resilience,

sustainability, and customer engagement.

PREPA’s Vision for the Energy Future of Puerto Rico is guided by five key objectives:

The system will be customer-centric: Power will be distributed in an affordable and reliable way. Customers will

be empowered with transparent metrics to better understand behind-the-meter alternatives for energy efficiency

and distributed generation. The system will be customized to engage consumers in innovative products and valueadded services depending on individual and wholesale contracting needs.

The system will promote financial viability: Vital reforms will be implemented to guarantee that consumers

understand rates are reasonable and how they create value. Most importantly, subsidies will be minimized so as

not to have a distortionary impact. Sound long-term planning is essential in laying the groundwork to reduce

operational costs.

The system will be reliable and resilient: The grid will be maintained and safely-operated to achieve measurable

reliability and resiliency metrics. Whether the network is distributed, centralized, or regionalized going forward, it

will be designed in a way that balances reliability and resiliency with cost objectives while utilizing new

advancements in technology and innovation.

The system will be a model of sustainability: Part of ensuring the system is reliable and resilient counts on a

progressive use of diversified energy resources over the carbon intensity of the power sector in primary and

backup generation. Therefore, it is essential that the grid be designed to take maximum advantage of renewable

power generation alternatives, many of which can be easily incorporated into emerging technologies.

The system will serve as an economic growth engine for Puerto Rico: Revitalizing PREPA is a long-term mission,

but it is one that is poised to pay dividends for years to come. Transformation and reinvestment in the power

sector will create new jobs while sending the clear message that Puerto Rico is open for commercial and industrial

development. Reshaping the generation and delivery of power will also create new opportunities for local

businesses across the supply chain.

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Case:17-03283-LTS Doc#:4014-25 Filed:10/04/18 Entered:10/04/18 16:51:23 Desc:

Exhibit 29 Page 3 of 4
10/2/2018 PREPA To Continue the Strategic Emergency Operations Plan

https://www.aeepr.com/Noticias/noticiasread.asp?r=MVTSJUOPCM 3/3

Propuesta de Nueva Estructura

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PR.GOV.

(http://www2.pr.gov/Pages/default.aspx)

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PO Box 364267, San Juan, PR 00936-4267

(787) 521-3434 Fax: (787) 521-4120

Isla: 1-800-981-2434 Audio Impedidos: (787)521-3050

Case:17-03283-LTS Doc#:4014-25 Filed:10/04/18 Entered:10/04/18 16:51:23 Desc:

Exhibit 29 Page 4 of 4