“It is not something we are contemplating,” says Fermin Fontanes about canceling the LUMA Energy contract

“It is not something we are contemplating,” says Fermin Fontanes about canceling the LUMA Energy contract

Faced with the multi-sector claim to cancel the contract of LUMA Energy Given the instability exhibited by the electrical system, the executive director of the Authority for Public Private Partnerships (AAPP), Fermin Fontaneshe said this Thursday, during a public hearing at the House of Representativesthat this possibility is not on the table.

Likewise, Fontanes claimed not to know the fiscal impact of canceling the contract, despite the fact that the AAPP is part of the agreement, and as in previous appearances, he insisted that the Puerto Rico Energy Bureau (NEPR) is the entity in charge of supervising LUMA and ensuring its compliance with public energy policy.

(Cancelling the contract) is not something we are contemplating at the moment, because that entails a lot of consequences beyond the fiscal impact.. One of the reasons why LUMA is here is precisely because every time events like those of last week happened, the political solution was to fire the executive director (of the Electric Power Authority) and put another. It is not canceling (the contract), it is demanding that it improve, it is demanding changes, it is demanding that the things that are happening do not happen again“, he claimed.

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