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IEEFA
The Guardian: Rosalina Marrero spends the best part of each day ironing and watching telenovelas at her modest bungalow in Puerto Rico’s coastal Guayama province. When it gets too hot or her asthma plays up due to the toxic coal ash from the nearby power plant, the 78-year-old widow rests on an adjustable hospital bed, […]
Tom Sanzillo
IEEFA urges using FEMA funds to align with Puerto Rico's and Biden Administration's energy policies
To Whom It May Concern: I am writing to express my concern with the pending use of billions of dollars of FEMA funds for Puerto Rico’s electrical system. Puerto Rico’s plan is bad economic and fiscal policy and makes a mockery of the Biden administration’s climate policy goals of decarbonizing the nation’s electricity sector by […]
Tom Sanzillo
Puerto Rico government grid rebuild is a bad plan, carried out by poor managers
Many questions were raised at the Oct. 6 U.S. House of Representatives Natural Resources Committee hearing on Puerto Rico’s electrical system. The topic: How billions of dollars of Federal Emergency Management Agency (FEMA) funds destined for Puerto Rico’s grid will be spent. Currently, the government of Puerto Rico has earmarked no federal funds for renewable […]
Tom Sanzillo
LUMA service failures raise serious questions about future of Puerto Rico grid
On Wednesday, the U.S. 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 repair […]
Cathy Kunkel, Tom Sanzillo and Press Release
Puerto Ricans face challenges in early months of LUMA takeover, highlighting need for stronger oversight
August 16, 2021 (IEEFA)—Failures and frustrations identified in the first two months of LUMA Energy’s operation of Puerto Rico’s energy grid highlight underlying flaws with the privatization contract, according to an analysis by the Institute for Energy Economics and Financial Analysis. Since the June 1 takeover, Puerto Ricans have experienced significant problems as a result […]
Cathy Kunkel, Tom Sanzillo and Press Release
Los puertorriqueños enfrentan desafíos en los primeros meses de la adquisición de LUMA, lo que pone al relieve la necesidad de una supervisión más fuerte
16 de agosto de 2021 (IEEFA EE. UU.)—Las dolencias y frustraciones identificadas en los primeros dos meses de la operación de LUMA Energy de la red de energía de Puerto Rico resaltan las fallas subyacentes con el contrato de privatización, según un análisis del Instituto de Economía Energética y Análisis Financiero. Desde la transición del […]
Cathy Kunkel
More than $14 billion in federal funds should be used to increase Puerto Rico renewable sources
Puerto Rico should take advantage of a unique opportunity to deploy billions of dollars of federal funding to create a resilient, decentralized electrical system based on renewable energy—an opportunity that neither the Puerto Rico Electric Power Authority (PREPA) nor private operator LUMA Energy has shown any interest in pursuing. That was the core theme of […]
Cathy Kunkel
Más de $14 mil millones en fondos federales deben ser utilizados para aumentar las fuentes renovables de Puerto Rico
Puerto Rico debe aprovechar una oportunidad única para desplegar miles de millones de dólares de fondos federales para crear un sistema eléctrico resiliente y descentralizado basado en energía renovable, una oportunidad que ni la Autoridad de Energía Eléctrica de Puerto Rico (AEE) ni el operador privado LUMA Energy han mostrado interés en perseguir. Ese fue […]
IEEFA
S&P Global Market Intelligence ($): The Federal Energy Regulatory Commission upheld its ruling that required New Fortress Energy Inc. to apply for a federal permit for an LNG import terminal that is already in operation in Puerto Rico, paving the way for a pending challenge by the developer to proceed at a federal appeals court. […]
Cathy Kunkel
Los cortes de energía y los retrasos en los servicios deberían sonar las alarmas para el futuro.
Más de dos semanas después de su gestión del sistema eléctrico de Puerto Rico, el contratista privado LUMA Energy no ha comenzado con buen pie. Los frecuentes cortes de energía y los retrasos en el servicio han puesto a prueba la paciencia de una base de clientes ya sobrecargada desde que LUMA Energy tomó el […]
IEEFA U.S.: Testimony shines light on additional problems with Puerto Rico LUMA deal
Grid privatization contract suffers host of issues likely to result in higher prices for islandersApril 6, 2021 (IEEFA) ⎼ New research has revealed major problems in the procurement process that resulted in the selection of LUMA Energy to operate Puerto Rico’s electrical grid, according to testimony given today to a Puerto Rico House of Representatives committee. Tom Sanzillo, director of financial analysis at the Institute for Energy Economics and […]