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Court of Appeals decides against LUMA Energy in performance bonus case

The court called “absurd” the argument that the Energy Bureau could not modify the metrics proposed in the consortium’s contract

November 10, 2024 - 8:15 PM

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According to LUMA, with the model now ratified at the judicial level, it would lose almost half of the bonuses with respect to the proposal contained in the contract. (Ramon "Tonito" Zayas)

By Manuel Guillama Capella

Periodista de Noticiasmanuel.guillama@gfrmedia.com

The Court of Appeals upheld, in a ruling issued on Friday, the decision of the Puerto Rico Energy Bureau (PREB) against LUMA Energy, which had challenged the performance metrics scheme approved by the regulatory agency, on the premise that it had exceeded its powers and had violated its right to receive bonuses under the power grid privatization contract.