San Juan – The company LUMA Energy insisted on Monday that its contract with the government of Puerto Rico complies with the law and will be available to legislators.
“LUMA Energy is at the disposal of legislators to appear in public hearings and answer all the questions they may have,” according to a written statement that the company refused to attribute to any specific person.
“It should be remembered that the contract complies with all the laws of Puerto Rico, including the Law of Public-Private Partnerships (Law 29 of June 8, 2009, as amended), the Law to Transform the Electric System of Puerto Rico (Law 120 of June 20, 2018) and the Energy Transformation and Relief Law (Law 57 of May 27, 2014) ”, he added.
On January 2, the House of Representatives and the Senate of Puerto Rico presented resolutions to investigate the contract between the Electric Power Authority (PREPA), the Authority for Public-Private Partnerships and LUMA Energy.
“LUMA will need to recruit thousands of employees to make the transformation of the island’s electrical system a reality and provide Puerto Ricans with the reliable service they deserve. PREPA employees have been and are the priority in all recruiting efforts, as they have the experience and knowledge necessary to achieve the objectives of the contract. No PREPA employee will lose their job as a result of this transaction, ”added Vélez.
“On the other hand, and as established by Law 57, LUMA does not have and will not have the authority to determine changes in rates. The law clearly establishes that the Energy Bureau is responsible for evaluating, determining and setting rates, and this is stated in the contract. Puerto Ricans are eager for a true change that will provide them with an electrical system that allows their economic development and a better quality of life for all. LUMA remains focused on its mission of restoring and transforming Puerto Rico’s electrical system into a reliable, resilient, sustainable and customer-focused one, at reasonable prices, ‘he concluded.