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Quanta Services Reports Second Quarter 2021 Results

Quanta Services Reports Second Quarter 2021 Results
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Quanta-ATCO Joint Venture, LUMA Energy, Commences Operation and Maintenance of Puerto Rico's Electric Power Transmission and Distribution System

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HOUSTON, June 1, 2021 /PRNewswire/ Quanta Services, Inc. (NYSE: PWR) announced today that LUMA Energy, LLC (LUMA), a joint venture between Quanta Services (Quanta) and Canadian Utilities Limited, an ATCO Ltd. Company (ATCO), has commenced the operations and maintenance of Puerto Rico s electric power transmission and distribution (T&D) system under the Supplemental Terms Agreement following nearly a year of preparation to transition these responsibilities from the Puerto Rico Electric Power Authority (PREPA) to LUMA.
Duke Austin, Quanta s President and Chief Executive Officer, commented, We want to congratulate the teams at LUMA, Quanta and ATCO, and the Puerto Rico regulatory authorities, who have worked diligently to ensure the on-time transition of the operations and maintenance of Puerto Rico s more than 18,000-mile T&D system to LUMA. In LUMA, we have created a purpose-built and effective operator for the Puerto Rico T& ....

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PREPA union sues against privatization

PREPA union sues against privatization
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Puerto Rico Electric Power Authority Selects Burns & McDonnell to Provide Program Management Services for Electrical Grid Revitalization Work

Puerto Rico Electric Power Authority Selects Burns & McDonnell to Provide Program Management Services for Electrical Grid Revitalization Work
Posted Jan 15, 2021
Program Management Services for Electrical Grid Revitalization Work
Firm is Committed to Grow Local Employment as Puerto Rico Positions for the Future
KANSAS CITY, Missouri (Jan. 14, 2021) Burns & McDonnell has been awarded a contract for program management services to support the Puerto Rico Electric Power Authority (PREPA) with the revitalization of Puerto Rico’s electrical grid. The work will be primarily funded by the U.S. Federal Emergency Management Agency (FEMA) and Community Development Block Grant-Disaster Relief (CDBG-DR) funds from the U.S. Department of Housing. In 2017, Hurricane Maria hit Puerto Rico and caused catastrophic damage to the grid. Much of the island’s transmission and distribution infrastructure was severely damaged by the storm and there was a complete loss o ....

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Puerto Rico governor suggests amending PREPA privatization

Pedro Pierluisi wants to make sure that employees are not dismissed and don't lose their benefits, among other things. ....

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