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Posts about Faith written by Jerry

The cancellation of two New Jersey offshore wind farms is just the latest example of inflation, high interest rates and a troubled supply chain hampering ambitious climate efforts.

New York and New Jersey have been notified by the federal government that the request for the CIG – Capital Investment Grants of above $5.5 billion for their tunnel projects may eventually “exhaust the program entirely,” and might again ruin all the hopes of their proposal being adjusted in the infrastructure plans underway by the […]

A new plan for restructuring $10 billion in debt owed by Puerto Rico's power company was filed late Friday in the latest attempt to end a lengthy bankruptcy process marked by acrimonious negotiations.

A new plan for restructuring $10 billion in debt owed by Puerto Rico’s power company was filed late Friday in the latest attempt to end a lengthy bankruptcy process marked by acrimonious negotiations. The plan filed by a federal control board that oversees the U.S. territory’s finances would cut the debt of Puerto Rico’s Electric Power Authority by nearly 80% to some $2.5 billion. “We hope that we will be closing not just the chapter but most of the book on the largest public sector bankruptcy in the United States,” Robert Mujica, the board’s executi...