January 22, 2021

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Carlos “Charlie” Delgado Altieri alleges he will cancel LUMA’s contract with PREPA


He argued that his determination responds to several reasons, among them that the minimum necessary to maintain the aforementioned four-year contract would be $ 540,000,000 that LUMA will obtain through a rate increase, increasing the cost of electricity in Puerto Rico.

photo: Cybernews

SAN JUAN – The candidate for governor for the Popular Democratic Party (PPD), Carlos “Charlie” Delgado Altieri alleged on Monday that as governor he will cancel LUMA’s contract with the Electric Power Authority (PREPA).

“After evaluating the analysis carried out by the committee of professionals that I appointed, I conclude that my government will terminate the contract with LUMA. My vision for the second transformation of our electrical system is incompatible with the provisions of the contract with LUMA. It is unacceptable that the employees are removed and the retirees who have offered and offered their services for years in PREPA are stripped of their pensions. Not only would it represent a tragedy for over 15,000 Puerto Rican families, but it would also have a multiplying impact on our economy, ”Delgado Altieri said in written communication.

He argued that his determination responds to several reasons, among them that the minimum necessary to maintain the aforementioned four-year contract would be $ 540,000,000 that LUMA will obtain through a rate increase, increasing the cost of electricity in Puerto Rico.

“The cost to cancel the contract within the initial period of approximately one year (Front End Transition Period) would be between 50,000,000 and 80,000,000 dollars; amount that can be minimized by anticipating the cancellation of the contract. To this we must add the negative social cost for the almost 6,000 employees who will lose their rights and the almost 11,000 retirees who could lose their pension. The improvements that are expected to be carried out through the LUMA contract will cost the people of Puerto Rico a minimum of two billion in fifteen years, plus reimbursable expenses, ”he added.

For Delgado Altieri, “the transformation of PREPA’s infrastructure is urgent now that we have the money that the federal government has contributed for these purposes. This money must be put at the service of citizens, businesses and industries and this must be done in a transparent way, avoiding waste and misuse of these at all costs, always in compliance with applicable federal protocols and regulations to avoid signals that interfere with the reimbursements to be obtained from the federal government ”.

He affirmed that he will create an Ad Hoc Group composed of the best Puerto Rican professionals, selected from among academia, professional associations, retirees and PREPA employees, and young graduates from our public and private universities.

He also argued that he intends to eliminate partisan politics of government agencies, including PREPA. “For this, only the best professionals with the best qualifications will be appointed, designing a procedure that allows recruitment based only on the principle of merit. Once the personnel are recruited, we will ensure that they maintain the service of excellence throughout their working lives by providing technical and ethical training, establishing metrics that must be met, and establishing a periodic assessment system, ”he assured.

“The Second Transformation will emigrate to PREPA in the future, including renewable energy, always looking at the progress and evolution of technology to integrate that which allows us to extract energy from the sun, wind, marine currents, and the movement of waves or geothermal energy. In short, any technology that allows us greater sustainability, moving away from fossil fuels ”, he concluded.



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