Plan to shift power to natural gas clears Puerto Rico hurdle

san juan puerto rico elp

SAN JUAN, Puerto Rico (AP) — Puerto Rico's power company says a project to cut the cost of electricity and reduce pollution has cleared a key hurdle.

The Puerto Rico Electric Power Authority says officials of the U.S. territory on Friday certified that the Aguirre Gasport project complies with environmental policies and regulations.

The $484 million project is critical to plans to convert oil-fired power generation to cheaper, cleaner natural gas.

The project still awaits approval from the U.S. Army Corps of Engineers, as well as resolution of financing. The financially troubled utility is seeking a federal government loan guarantee for the project and is talking with creditors.

Officials want to start construction before next summer.

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