23 de diciembre de 2024

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A $600 million adjustment: LUMA Energy’s compensation skyrockets due to inflation and PREPA bankruptcy

The privatization agreements clauses increase both the fixed payments and the bonuses the consortium is entitled to for 15 years

March 4, 2024 - 12:40 PM

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This content was published more than 10 months ago.

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If the base contract for LUMA goes into effect on 2024, the operator would receive more than $27 million more than what was originally agreed upon for the first year. (tonito.zayas@gfmedia.com)

By Manuel Guillama Capella

Periodista de Noticiasmanuel.guillama@gfrmedia.com

The Government of Puerto Rico has added $269 million to its future obligations just with the passage of time, as a result of the public-private partnership agreement with LUMA Energy for the power grid management, an amount that would likely continue to grow over the next decade and a half due to inflation.