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Published June 1, 2021
Dive Brief:
LUMA Energy began operating Puerto Rico s electric grid on Tuesday, managing the system through a public-private partnership that aims to save customers money, improve the island s resilience and add renewable power.
LUMA, owned by ATCO and Quanta Services, takes over for the bankrupt Puerto Rico Electric Power Authority (PREPA), which will continue to own the island s grid assets.
Observers question whether LUMA is prepared to operate the grid, however, and if the company has been able to hire sufficient linemen from PREPA s ranks. The transition has not been managed well, particularly from a workforce standpoint, Cathy Kunkel, an analyst at the Institute for Energy Economics and Financial Analysis (IEEFA), said.