Since then, restoration work has been focused on replacing those lines, while most other facets of the grid have not been updated, said Tom Sanzillo of IEEFA, who researches Puerto Rico's power system. Hurricane Maria decimated the island's electrical system when it struck in late September 2017, mainly by knocking out transmission lines. LUMA did not immediately respond to request for comment. The island also endured a power outage in April that knocked out electricity for a third of homes and businesses. energy contractor Quanta Services.Ī study from the Institute for Energy Economics and Financial Analysis (IEEFA) found that service restoration times and voltage fluctuations increased after privatization largely due to a shortage of experienced workers. LUMA is a joint venture between units of Canadian energy firm ATCO Ltd and U.S. In June 2021, Puerto Rico privatized the grid by engaging LUMA Energy to operate the system, even though PREPA still owned the infrastructure. Before Maria struck, the debt-laden government and PREPA had been mired in bankruptcy, and a federally appointed oversight board was created to manage the island's finances.
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