#2 Comisión de Proyectos Estratégicos y Energía RS1 2021-05-26

Puerto Rico Senate (committee hearing) · May 26, 2021

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Opening critique of Luma and public-fund status of tariffs

PresentationPublic Comment

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Speaker 1 (Senator) opened by arguing Luma has not explained how it will deliver promised cost savings or how investments will lower rates, asserting that tariffs are public funds and pointing to high executive pay in past administrations (named O'Higgins asking $450,000) as evidence of public concern.

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Puerto Rico Senate committee hearing where senators, legal counsel and witnesses questioned the Luma/UMA management contract, flagging risks to public funds, FEMA reimbursements, inadequate guarantees, conflicts of interest and lack of transparency; speakers urged legal review and amendments.

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Transcript

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