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Luma tells lawmakers it deposited all customer payments to AEE accounts, blames transfers for layoffs and reduced night crews
Summary
Luma President Juan Saca told a House committee Luma deposits 100% of collections into AEE accounts and that transfers back to Luma have been insufficient; he said shortfalls forced about 160 layoffs, temporary limits on night crews and that Luma needs AEE cooperation to reach recovery and restore services.
Juan Saca, president and CEO of Luma Energy, told the House Committee on Government on Oct. 28 that Luma has deposited “100 percent” of customer collections into accounts the Autoridad de Energía Eléctrica controls and that the operator’s financial squeeze stems from insufficient transfers out of those accounts.
“Respecto a los cobros de Luma... el 100 por 100 de los dineros que cobramos se depositan en las cuentas de la autoridad de energía eléctrica,” Saca said in his opening…
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