During a recent government meeting, officials discussed the potential consequences for LUMA if they fail to meet the November 29 deadline for compliance with a significant contract valued at $1 billion. The meeting highlighted concerns regarding LUMA's ability to adhere to this timeline, with officials noting that a technical conference was held the previous week to address the reasons for the delays.

The primary consequence for non-compliance could be financial penalties, which would be imposed for failing to meet the established order. Additionally, such a failure could lead to delays in the Integrated Resource Plan (IRP) process, which is crucial for future energy planning and management.

In another key discussion, officials addressed the financial aspects of the recovery process related to the Federal Emergency Management Agency (FEMA). It was revealed that approximately $1.3 billion has already been disbursed based on FEMA obligations, but the exact amount still pending recovery was not immediately available. Officials indicated that further details would be submitted to the committee for review, emphasizing the importance of FEMA's authorization of scopes of work submitted by LUMA for future disbursements.

The meeting underscored the critical nature of compliance and financial management in the ongoing recovery efforts, as well as the need for transparency in the funding processes associated with FEMA.