Political Quotes

On the recordNovember 16, 2022
The 15-year contract provides a payment methodology that includes either bonuses or penalties, depending on compliance with the metrics.
Said by
Pedro Pierluisi
Democratic · Puerto Rico

Editor's note · Context

Discussing the contract terms for the private contractor LUMA regarding performance metrics.

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Having a plan of adjustment confirmed by the Federal court is absolutely essential, because it would stabilize PREPA's finances.

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We need to improve our energy system so we don't have this power disruption for so long after a major disaster.

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We need to do public-private partnerships for both transmission and distribution and generation, and actually split the two so that there is no monopoly in Puerto Rico.

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I am not going to allow PREPA to end up with a debt burden that is going to end up causing extraordinary increases, unacceptable increases, in the cost of electricity in Puerto Rico.

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