Puerto Rico

IEEFA Research

IEEFA: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

IEEFA: Consultants poised to make more than $1 billion from bankrupt Puerto Rico utility

Huge consulting fees highlight systemic problems with reform of island utility

April 29, 2021 (IEEFA) ⎼ 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 today by the Institute for Energy Economics and […]

IEEFA: Consultores listos para ganar más de $1,000 millones de la corporación de servicios públicos de Puerto Rico en bancarrota

Las enormes comisiones de consultoría ponen de relieve los problemas sistémicos con la reforma de la utilidad de la isla

29 de abril de 2021 (IEEFA) – La transformación y reestructuración financiera de la Autoridad de Energía Eléctrica de Puerto Rico en bancarrota ha generado más de $440 millones en contratos de consultoría durante los últimos siete años y podría costar a los residentes de la isla más de $1,000 millones antes de su finalización, […]

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 islanders

April 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 […]

IEEFA EE. UU.: Testimonio arroja luz sobre problemas adicionales con acuerdo de LUMA de Puerto Rico

El contrato de privatización de la red sufre una serie de problemas que probablemente resultarán en precios más altos para los isleños

6 de abril de 2021 (IEEFA) — Una nueva investigación ha revelado problemas importantes en el proceso de contratación pública que resultó en la selección de LUMA Energy para operar la red eléctrica de Puerto Rico, según testimonios entregados hoy a una comisión de la Cámara de Representantes de Puerto Rico. Tom Sanzillo, director de […]

April 6, 2021 Read More →
IEEFA: Puerto Rico can provide resiliency to 100% of homes through solar expansion

IEEFA: Puerto Rico can provide resiliency to 100% of homes through solar expansion

Investing in renewables would lower costs, reduce price-volatility and provide resiliency to Puerto Rico

March 10, 2021 (IEEFA)—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 released today. The report by Puerto Rico organization […]

News alert: IEEFA calls on FEMA to reject funding new natural gas plants in Puerto Rico

PREPA’s 10-year infrastructure plan contradicts orders of Puerto Rico’s energy regulator

January 26, 2021 (IEEFA) – On Monday, the Puerto Rico Energy Bureau issued an order firmly rebuking the Puerto Rico Electric Power Authority (PREPA) for attempting to move forward with new projects – including a 400 megawatt (MW) natural gas plant and 330 MW of smaller natural gas peaking units. In August 2020, the Bureau had […]

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

IEEFA: LUMA Energy deal paves way for Puerto Rico regulators to repeat past mistakes

Multiple issues in contract likely to contribute to failure of safe, reliable and resilient grid

October 12, 2020 (IEEFA) ‒ A major contract signed with the LUMA Energy consortium may prevent Puerto Rico from building a safe, reliable and resilient electrical system, according to a new report from the Institute for Energy Economics and Financial Analysis. The deal to operate the island’s grid came in the wake of a series […]

IEEFA: Acuerdo de LUMA Energy allana camino para que los reguladores de Puerto Rico repitan errores pasados

Múltiples problemas en el contrato que pueden contribuir al fracaso de una red segura, confiable y resiliente

12 de octubre de 2020 (IEEFA) – Un importante contrato firmado con el consorcio LUMA Energy puede impedir que Puerto Rico construya un sistema eléctrico seguro, confiable y resiliente,  según un nuevo informe del Instituto de Economía Energética y Análisis Financiero. El acuerdo para operar la red de la isla se produjo a raíz de […]

IEEFA update: T&D agreement for Puerto Rico power grid sets off alarm bells

IEEFA update: T&D agreement for Puerto Rico power grid sets off alarm bells

Fails to include accountability mechanisms for meeting cost, labor, and green energy goals, Sanzillo tells U.S. House Committee

August 4, 2020 (IEEFA U.S.) – In testimony submitted to the U.S. House Committee on Natural Resources, IEEFA’s director of finance Tom Sanzillo warned of significant problems with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement fails to address three major challenges, […]

IEEFA Puerto Rico: Utility PREPA gave unfair advantage to NFE in awarding $1.5-billion power plant contract

IEEFA Puerto Rico: Utility PREPA gave unfair advantage to NFE in awarding $1.5-billion power plant contract

Actions circumvented rules, outside investigation urgently needed

June 10, 2020 (IEEFA) — A lucrative contract to deliver natural gas to a Puerto Rico power generation plant was awarded through a process plagued by irregularities that provided unfair advantages to a company with limited experience on the island, according to a report co-authored by Tom Sanzillo of the Institute for Energy Economics and […]

More News and Commentary

IEEFA EE. UU.: El ahorro de la privatización de la red de Puerto Rico tiene un mal comienzo

Contratista que prometió ahorros superará el presupuesto incluso antes de hacerse cargo de la red

La iniciativa clave de privatización del sistema eléctrico de Puerto Rico ha sido una posibilidad remota para ahorrar dinero al pueblo de Puerto Rico, y las probabilidades se están haciendo más lejanas, según un análisis del contrato de 15 años con LUMA Energy y sus presupuestos propuestos para los próximos tres años. Una revisión del […]

April 8, 2021 Read More →
IEEFA U.S.: Selection of Puerto Rico privatization contract winner based on identical scores, identical mistakes

IEEFA U.S.: Selection of Puerto Rico privatization contract winner based on identical scores, identical mistakes

Results of selection process raise new questions about Puerto Rico grid reconstruction contract

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, […]

April 7, 2021 Read More →

IEEFA EE. UU.: Selección del ganador del contrato de privatización de Puerto Rico basado en puntuaciones idénticas, errores idénticos

Los resultados del proceso de selección plantean nuevas preguntas sobre el contrato de reconstrucción de la red de Puerto Rico

Un análisis objetivo de la adjudicación de un contrato de privatización de 15 años para el sistema eléctrico de Puerto Rico a LUMA Energy levanta numerosas banderas rojas sobre la integridad del proceso. Luma tiene programado asumir las funciones de no generación de la Autoridad de Energía Eléctrica de Puerto Rico (AEE) el 1 de […]

April 7, 2021 Read More →
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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 islanders

April 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 […]

IEEFA EE. UU.: Testimonio arroja luz sobre problemas adicionales con acuerdo de LUMA de Puerto Rico

El contrato de privatización de la red sufre una serie de problemas que probablemente resultarán en precios más altos para los isleños

6 de abril de 2021 (IEEFA) — Una nueva investigación ha revelado problemas importantes en el proceso de contratación pública que resultó en la selección de LUMA Energy para operar la red eléctrica de Puerto Rico, según testimonios entregados hoy a una comisión de la Cámara de Representantes de Puerto Rico. Tom Sanzillo, director de […]

April 6, 2021 Read More →
IEEFA Webinar: Puerto Rico can provide resiliency to 100% of homes via renewables
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IEEFA Webinar: Puerto Rico can provide resiliency to 100% of homes via renewables

Puerto Rico electric grid modeling studies demonstrate viability of renewables – March 24 online event

March 22, 2021 (IEEFA) — A plan that would provide reliable, low-cost, rooftop solar power to every home in Puerto Rico will be presented during a webinar sponsored by IEEFA and CAMBIO PR on March 24th. When: Wednesday, March 24th at 11:00 am (EDT/AST) Registration: bit.ly/3vED8KE Comprehensive modeling studies of the island grid found that Puerto […]

and March 22, 2021 Read More →
IEEFA: Puerto Rico can provide resiliency to 100% of homes through solar expansion
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IEEFA: Puerto Rico can provide resiliency to 100% of homes through solar expansion

Investing in renewables would lower costs, reduce price-volatility and provide resiliency to Puerto Rico

March 10, 2021 (IEEFA)—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 released today. The report by Puerto Rico organization […]

Puerto Rico moves forward with RFP for 1GW of renewables, 500MW of battery storage

Renewables Now: The Puerto Rico Electric Power Authority (PREPA) is seeking to contract 1 GW of renewable energy and 500 MW/2 GWh of energy storage capacity on the island. On Monday, the power company released a request for proposals (RfP) with a submissions deadline of May 3. The successful proponents will get off-take contracts of […]

February 25, 2021 Read More →
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IEEFA U.S.: Biden administration has historic opportunity to rebuild Puerto Rico electricity grid

Campaign promises of ‘low-cost, reliable and clean electricity’ must be kept

January 27, 2021 (IEEFA) — The devastation caused by Hurricane Maria in 2017 highlighted Puerto Rico’s “antiquated, expensive and fossil fuel-dependent” electricity grid, providing the Biden administration with an historic opportunity to transform a vital part of the island’s economy. The Institute for Energy Economics and Financial Analysis (IEEFA) recommends in a new policy brief […]

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Alerta de noticias: IEEFA pide a FEMA rechazar financiamiento de nuevas plantas de gas natural en Puerto Rico

Plan de infraestructura a 10 años de AEE contradice las órdenes de regulación energética de Puerto Rico

26 de enero de 2021 (IEEFA) – El Negociado de Energía de Puerto Rico emitió el lunes una orden  que reprendió firmemente a la Autoridad de Energía Eléctrica de Puerto Rico (AEE) por intentar avanzar con nuevos proyectos, incluyendo una planta de gas natural de 400 megavatios (MW) y 330 MW de unidades de energía […]