On Wednesday, the US House of Representatives Natural Resources Committee will hold an oversight hearing on Puerto Rico’s electrical system and the LUMA Energy grid privatization contract. Since LUMA Energy took over the island’s transmission and distribution system operations on June 1, electrical service in Puerto Rico has deteriorated even further — including unacceptably long outage […]
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 […]
The Puerto Rico Energy Bureau has approved $1.2 billion to be used for all electrical infrastructure projects included in the Puerto Rico Electric Power Authority’s (PREPA) 10-year infrastructure plan. “These projects are an important step in the implementation of Puerto Rico’s energy policy. As the entity in charge of directing and implementing this public policy, […]
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