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prima:LUMA and PREPA seek to recover $105.5 million spent due to fuel price hike

This was revealed during the technical conference of the Puerto Rico Energy Bureau as part of the reconciliation process

March 22, 2022 - 9:44 AM

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This content was published more than 2 years ago.
On behalf of PREPA, LUMA Energy requested an increase of 16.6 percent in the electric bill of its residential customers for the second quarter of 2022. (xavier.araujo@gfrmedia.com)

Executives of LUMA Energy and the Puerto Rico Electric Power Authority (PREPA) said Monday, before the Puerto Rico Energy Bureau (NEPR) that, between December 2021 and February 2022, they spent $105.5 million more in fuel purchases than had been projected, thus justifying a request for an increase in the electricity rate.

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