La "encerrona" de LUMA

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The Lessons from Ondeo's Privatization of the AAA Were Not Applied to LUMA
By Damaris Suárez | July 18, 2024
The Government of Puerto Rico negotiated an energy transmission and distribution contract with LUMA Energy, which increases costs yearly. This agreement does not include options that previously allowed the company Ondeo to exit just 18 months after beginning operations with the Puerto Rico Aqueduct and Sewer Authority.
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Puerto Rico Government Turns a Blind Eye to the Oversight of LUMA
The Puerto Rico Energy Bureau established the minimum performance levels the company must achieve to get incentives, but not the penalties, making its oversight difficult. The Public-Private Partnerships Authority now says that LUMA will only be penalized if any investigation concludes that it failed to fulfill its responsibilities.
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