LUMA Energy

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.

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.

Verdict: Misleading

The area in the switchyard where the Central Costa Sur fire occurred, which caused the general blackout last Wednesday, should have been renovated four months ago, in December 2021, according to the original infrastructure plan through which the Puerto Rico Electric Power Authority (PREPA) will access $10.7 billion in federal recovery funds. But, after LUMA’s […]

Little has been said about what will happen when LUMA Energy starts managing part of the electric power system, which is an essential service.  Will the contracts signed be published? Will the meetings and minutes of such meetings in which LUMA participates be public? Will we know how public money is spent by the company? […]