January 22, 2021

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Pierluisi Creates Steering Committee to Oversee LUMA Energy contract – Caribbean Business

SAN JUAN – Puerto Rico Gov. Pedro Pierluisi announced the creation of a steering committee to oversee the public private partnership (P3) for the transmission and distribution of electric power granted to LUMA Energy.

Executive Order 2021-012 establishes the creation of the committee to ensure that the “implementation and execution of the contract between the Public-Private Partnerships Authority (P3A), the Electric Power Authority (PREPA) and LUMA does not represent an increase in the electricity rate; that this contract is not used as a basis for the dismissal of any regular employee of PREPA and that they keep their benefits; that the necessary contributions be made to PREPA’s Employee Retirement System for employees who transfer to LUMA and decide to continue contributing under that System; that there are measures to avoid conflicts of interest in the awarding of contracts and that clear and specific metrics of compliance and performance are established and met, ”a news release issued by the governor’s office reads.

“These were the concerns that I had raised publicly regarding the LUMA Energy contract. It is important that all these points are addressed, and if some of them are not met, the necessary recommendations are made to amend it if necessary. I am in favor of the energy transformation and that Puerto Rico has a resilient and reliable electrical system, and at the same time we have to safeguard the labor rights of our public servants and make sure that the energy service improves and its cost is fair and reasonable for all, ”the governor said.

The committee will be chaired by the secretary of State and composed of the following officials: the executive director of the Fiscal Agency and Financial Advisory Authority, the executive director of the P3A, the executive director of Prepa, the executive director of the Central Office for Recovery, Reconstruction and Resilience (COR3), the secretary of the Department of Labor and Human Resources, and the secretary of the Department of Housing.

As established in the executive order, the committee will make recommendations, suggestions and comments “to guarantee the execution of the contract and will recommend measures that guarantee compliance with the public energy policy set forth in Act 120-2018 and Act 17-2019,” the release reads.

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