COR3 disburses $147.5M to rebuild Puerto Rico’s power grid
August 22, 2022
The funding responds to PREPA's inclusion in FEMA's Working Capital Advance pilot program.
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Luma Energy, PREPA, City of SJ sued over poles blocking sidewalks
August 1, 2022
The Municipality of San Juan’s sidewalks is being affected by the location of the utility poles, which Luma places with PREPA's consent.
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Puerto Rico Energy Bureau orders 2.75-cent drop in cost of energy
August 1, 2022
Puerto Rico consumers will see savings during August and September, when energy consumption is typically the highest of the year.
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Op-Ed: Puerto Rico regulators fight against solar to benefit bondholders
July 20, 2022
Bondholders, not residents, are primary concern of Puerto Rico regulators.
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Convergent to build 100 MW solar generation project in Coamo
July 19, 2022
The system is currently expected to come online in 2024.
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IEEFA: Latest Puerto Rico plan for electric grid ‘step in the wrong direction’
July 15, 2022
Puerto Rico’s grid plan would increase rates, cause debt default, and send rates soaring.
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Op-Ed: LUMA generating dysfunction at end of 1st year
June 20, 2022
The Institute for Energy Economics and Financial Analysis (IEEFA) believes LUMA’s fiscal plan falls short.
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FEMA allocates $104M for 15 power grid projects in Puerto Rico
June 7, 2022
Several projects are already underway, officials said.
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Op-Ed: The commercial mission in Spain and the massive 4-day blackout
April 12, 2022
In my view, it was more important for the governor to remain in the Spain trade mission as planned and properly represent Puerto Rico.
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PREPA, MMM partner to offer more health benefits to employees, retirees
December 28, 2021
The Puerto Rico Electric Power Authority (PREPA) has selected health insurer MMM as its new provider, effective Jan. 1, 2022, the companies announced. MMM will offer services in partnership with First Medical, which represents “an unprecedented agreement” that will allow the public corporation’s retirees and employees to benefit from integrated medical care with innovative benefits. […]
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IEEFA warns Puerto Rico Legislature against power plant privatization process
December 14, 2021
In a letter to the Puerto Rico Legislature, Tom Sanzillo, director of Financial Analysis at the Institute for Energy Economics and Financial Analysis (IEEFA), urged the House and Senate to reevaluate the ongoing bidding process to privatize operations of the island’s power plants. “We have observed the flaws in the privatization processes of LUMA Energy and […]
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Puerto Rico Senate rejects solar taxes to repay PREPA’s debt
November 1, 2021
The Puerto Rico Senate approved a resolution to order the Strategic Projects and Energy Committee to carry out an investigative process to identify alternatives to repay the Puerto Rico Electric Power Authority’s (PREPA) debt — which do not include solar taxes — and are in compliance with Act 17-2019, known as the Puerto Rico Energy […]
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LUMA confirms customer service contact information
June 1, 2021
LUMA, the private consortium that will begin operating the Puerto Rico Electric Power Authority’s (PREPA) transmission and distribution system, offered details about its customer service options for clients. As of today, LUMA will have multiple channels for customers to communicate with the company. The toll-free customer service hotline is 1.844.888.5862 (LUMA). Calls made to PREPA’s […]
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IEEFA: Huge consulting fees highlight systemic problems with PREPA reform
April 30, 2021
The transformation and financial restructuring of Puerto Rico’s bankrupt electric power authority have generated more than $440 million in consulting contracts during the last seven years and could cost island residents more than $1 billion before completion, according to a study released by the Institute for Energy Economics and Financial Analysis. The IEEFA study found […]
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Study: Puerto Rico could achieve 75% renewable energy use in 15 yrs.
March 11, 2021
Investing $9.6 billion in distributed solar panels and batteries — funds that are already available from the federal government — could transform Puerto Rico’s electrical system into a resilient grid that provides every home on the island with a clean, reliable source of energy, according to a report. The report by Puerto Rico organization Cambio […]
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