An objective analysis of the award of a 15-year privatization contract for Puerto Rico’s electrical system to LUMA Energy raises numerous red flags about the integrity of the process. LUMA is scheduled to take over the non-generation functions of the Puerto Rico Electric Power Authority (PREPA) on June 1, including transmission, distribution, billing, customer service, […]
By Eliván Martínez MercadoCenter for Investigative Journalism Hiring a law firm that charges up to $1,245 per hour. The outsourcing of foreign companies such as Alumbra, from Colorado, which has billed as much as $1.3 million in a single month for plans to transform the energy system without having gone through a competitive process. This […]
The Puerto Rico Electric Power Authority recently took last place in a survey conducted by J.D. Power that ranks 144 utilities based on six criteria that include power quality and reliability, price, customer care and communication. PREPA’s score was almost 50% lower than the average utility, 47% worse than the second worst comparable utility and […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
