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prima:Juan Saca estimates that LUMA Energy needs an additional $200 million annually through a tariff review

The funds, which the executive said would be earmarked for capital investments, would mean an increase of more than a penny in the bill

August 16, 2024 - 2:27 PM

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This content was published more than 3 months ago.
Saca stated that LUMA has not decided whether it will propose to advance the review process before the Energy Bureau. (Carlos Rivera Giusti)

To optimize the administration of the power grid and, above all, to promote the capital improvements needed to reverse the accumulated deterioration of its infrastructure, LUMA Energy needs approximately $200 million additional to its annual budget, estimated the consortium’s president, Juan Saca, an item that would require a tariff revision that would increase the revenues that go to the private operator.

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