![]() This facility is intended to provide world class, customized curriculum and training to LUMA utility workers and the next generation of Puerto Rico’s skilled workforce, contributing to sustainable economic development locally.” according LUNA. It said it will “fund and open a state-of-the-art line worker and technical training campus…operated by Quanta’s accredited postsecondary educational institution – Northwest Lineman College. LUMA Energy will also bring a lineman school to the island to train employees. Prepa employees may work for LUMA Energy without losing the rights they acquired under their Prepa collective-bargaining agreement, and are supposed to be the first to be hired. Department of Housing and Urban Development to deploy efficiently the Federal aid allocated to Puerto Rico’s power systems.” “LUMA Energy will work with FEMA and the U.S. Under the agreement, LUMA Energy will be paid a management fee and an incentive fee “structured to provide tangible improvements to PREPA’s customers,” the board said. Puerto Rico deserves manufacturing and the service industry jobs created by investors who don’t turn away because its electric power system is unreliable and antiquated.” “The people of Puerto Rico deserve a power system that can withstand hurricanes to ensure they are safe in their homes, and Puerto Rico’s businesses deserve to open every day without relying on backup generators to ensure they can serve their customers. “This transformation is important to every individual, every business and every potential investor,” said the chairman of the fiscal board, José Carrión. Under the agreement, LUMA Energy will operate, manage, maintain, repair and restore the public utility’s T&D “to help the transformation of PREPA into a modern power company able to deliver reliable, clean, and more affordable electricity to Puerto Rico’s households and businesses,” the board said. Act 120 displaced and eliminated all the powers of the regulator (Puerto Rico Energy Bureau) in this process, only allowing the regulatory entity to issue an Energy Compliance Certificate to ‘certify’ that the agreement complies with the regulatory framework.” Torres questioned the development and said it “happened because it was planned that way from its conception in Act 120 of 2018, and it was decided to keep that course throughout the process. There was no interaction between the PREPA Board beyond the private meetings with some members of the Board and the Public-Private Partnerships Authority,” Torres said in a statement, adding that the “approval of the preliminary contract between PREPA and the Public-Private Partnerships Authority, by the Puerto Rico Energy Bureau, took place without any public participation.” The agreement, and related information, were only discussed on one occasion by the PREPA Governing Board, voting the next business day. “The vote on this agreement is one of the most important decisions regarding PREPA, since its creation in 1941. The consumer representative on Prepa’s Governing Board, Tomás Torres Placa, denounced how the agreement was reached, claiming it was carried out without the public’s participation. Wanda Vázquez Garced said at a press conference Monday. These aren’t announcements, much less promises, this is part of the results and the execution that we committed ourselves to,” Gov. “The selection of LUMA as the future operator of the transmission and distribution system is the beginning of an unprecedented transformation of our energy system. Wanda Vázquez, the fiscal oversight board said, adding that the Puerto Rico Energy Bureau (PREB) approved the contract last week. The board’s approval remains subject to the approval of the proposed agreement by Gov. Prepa will retain ownership of the assets of its transmission and distribution (T&D) system but LUMA Energy will operate the system, including customer service and billing, in the contract for about $70 million the first year and up to $125 million the third year, and includes $25 million in bonuses. SAN JUAN – The Financial Oversight and Management Board for Puerto Rico said Monday it welcomed the proposed agreement between the Puerto Rico Public-Private Partnerships Authority (P3A) and LUMA Energy LLC to manage and operate the transmission and distribution system of the Puerto Rico Electric Power Authority (Prepa). Fiscal board approves concession contract it calls a ‘critical step towards the transformation of Puerto Rico’s energy system’
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