The Federal Oversight and Management Board (FOMB) and the Puerto Rico Energy Bureau (PREB) have each approved budgets for the electrical system for Fiscal Year 2022. The FOMB’s budget demonstrates its abject failure since its inception to produce a transparent budget that demonstrates progress on savings initiatives and meeting the commonwealth’s renewable energy goals. The […]
Company executives and government officials broke ground on the future LUMA College for Technical Training, a $10 million training facility being funded by LUMA parent companies ATCO and Quanta Services. Assessments, onboarding and workforce development are already underway at the LUMA College site, which will become fully operational in phases over the next few months […]
Puerto Rico’s key electrical system privatization initiative has been a long-shot to save money for the people of Puerto Rico — and the odds are getting longer, according to an analysis of the 15-year contract with LUMA Energy and its proposed budgets for the next three years. An Institute for Energy Economics and Financial Analysis […]
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