LUMA Energy, the company that will operate Puerto Rico Electric Power Authority’s electric power transmission and distribution system for the next 15 years, vowed not to increase rates during the first three years after it officially begins operating on June 1, 2021. In a presentation to members of the media, LUMA CEO Wayne Stensby confirmed […]
The Puerto Rico Electric Power Authority announced the start of its Electric Grid Revitalization Program, using a $10.7 billion allocation from the Federal Emergency Management Agency (FEMA). Details of the 10-year infrastructure modernization plan, delivered and approved by FEMA in December to rebuild and bring the electrical system on the island up to standards and […]
In August 2020, the Puerto Rico Energy Bureau approved a long-term plan for the island’s electrical system that called for greater investments in renewable energy and storage. The bureau worked for months to integrate analysis from a variety of stakeholders and eventually rejected new natural gas initiatives because of their costs and logistical challenges. Yet […]
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