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prima:Energy Czar Josué Colón blames LUMA Energy for $1 billion in unused funds

The amount allocated but not spent during the last fiscal year is the subject of a new dispute between the operator and the Public-Private Partnership Authority

November 11, 2026 - 5:14 PM

The $1 billion gap between the approved budget and actual expenditures includes both expenditures from invoices and available federal funds. (Carlos Rivera Giusti/Staff)

As a result of the budget management by LUMA Energy reported for fiscal year 2025–2026—which resulted in expenditures that were $1 billion below the allocated state and federal funds—the Energy Czar, Josué Colón, ordered the preparation of a corrective action plan within 10 days, as well as the submission of information across a dozen categories, ranging from the status of federal projects to billing data and payments from subscribers.

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