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In Puerto Rico, private company takes over power utility service

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A private company on Tuesday took over the transmission and distribution operations of Puerto Rico’s power authority, which has struggled with blackouts and bankruptcy, corruption and mismanagement.

Luma Energy inherits unresolved blackouts, with more than 30,000 customers left without power in recent weeks. Hurricane Maria destroyed most of the power grid in 2017.

However, Stensby said the company, which will serve all of the island’s roughly 1.5 million clients, has enough resources to handle a Category 2 hurricane and can bring in more equipment and workers if a stronger storm hits. Meanwhile, the new company will inherit unresolved blackouts, with more than 30,000 customers left without power in recent weeks.

“We’ve had a bankrupt ... incompetent public utility for too long,” he said. “The transformation that is underway will make a difference.”

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Hope it all works out well for Puerto Rico.

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