By The Star Staff
The Puerto Rico Energy Bureau (PREB) has rejected LUMA Energy’s request to adjust the factors of the electricity rate clauses for the period from October to December 2024, according to a resolution and order issued earlier this week.
“The factors of the Fuel Purchase Adjustment Clauses, Energy Purchase and Fuel Subsidy will remain unchanged until December 31, 2024,” the PREB stated in its resolution issued Monday.
“After evaluating the Motion of September 26, the Energy Bureau DENIES the report of quarterly adjustments to Genera’s fuel budget presented through the Motion of September 18, since the current factors remained unchanged,” the resolution adds.
The PREB warned LUMA Energy, the private operator of Puerto Rico’s electric power transmission and distribution system, that failure to comply with thE determination could result in fines of up to $25,000 per day, according to Article 6.36 of Law 57-2014, in addition to other administrative sanctions.
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