PREPA’s bankruptcy limits calculation of promised savings under LUMA EnergyThree years after the consortium’s entry, the indicators for evaluating the financial performance of the electricity grid manager have not been precisely defined
Three years after LUMA Energy took office, the consortium, the Puerto Rico Public-Private Partnerships Authority (AAPP) and the Puerto Rico Energy Bureau (NEPR) have not established a methodology to calculate the savings that the company has produced as administrator of the electricity grid, although before the contract went into effect the government projected that the efficiencies would amount to hundreds of millions of dollars annually.
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