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Cathy Kunkel
Contractor that promised savings set to exceed budget even before taking over
Puerto Rico’s key electrical system privatization initiative has been a longshot 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 (IEEFA) review […]
Cathy Kunkel
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 […]
Tom Sanzillo
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, […]
Tom Sanzillo
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 […]
Press Release and Tom Sanzillo
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 […]
Tom Sanzillo
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 […]
Simon Nicholas
African nations must learn from developing Asia's expensive fossil-fuelled power problems
Ghana is set to become the first Sub-Saharan nation to import LNG as the government continues its attempts to renegotiate unaffordable power generation contracts. LNG is being pushed in emerging nations as a clean transition fuel that is “critical” for development. It is neither of these things. In fact, the need for expensive, associated LNG […]
Trista Rose
Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal
The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]
Press Release, Cathy Kunkel, Suzanne Mattei and Clark Williams-Derry
Falling demand, legal and regulatory challenges spell financial peril for pipeline project
March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]
Press Release, Cathy Kunkel and Tom Sanzillo
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 […]
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 […]