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Puerto Rico PPP Authority defends Luma contract, cites legal mandate and projected savings
Summary
The Authority for Public‑Private Partnerships told a Senate commission the Luma Energy operations-and-maintenance contract complied with Law 120 and Law 29, retained government ownership of assets, and projected hundreds of millions in net savings by 2027; senators pressed for procurement records and questioned transparency.
The Authority for Public‑Private Partnerships defended the government’s 15‑year operations‑and‑maintenance contract with Luma Energy on the record before a Senate commission, saying the procurement followed the statutory framework and that oversight and consumer protections remain in government hands.
“Honorable presidente, la autoridad para las alianzas público privadas comparece para presentar sus comentarios en torno a la resolución del senado número uno,” said Fermín Fontané, the Authority’s executive director, in opening remarks describing the committee’s inquiry and the Authority’s role in the selection process. Fontané and legal adviser Isis Pérez reviewed the procurement history, legal authorities and contract mechanics at the hearing.
The Authority told senators the procurement was carried out under Law 120 (the statutory transformation of the electric system) and Law 29 (the public‑private partnership statute), and that those laws expressly authorize the selection procedures used to evaluate proposals and delegate operations and certain…
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