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Federal Intervention in Puerto Rico's Power Crisis

A federal control board overseeing Puerto Rico's finances announced its intervention to expedite the repair of the island's ailing power grid. The decision comes amidst widespread power outages plaguing the territory.

• The board cited the slow pace of projects to address the power grid issues, highlighting that only $1.2 billion out of $17 billion authorized by Congress has been utilized since Hurricane Maria in 2017.
• The board emphasizes the urgency of the situation, stating that "the current situation … is not acceptable."

Frustration with Luma Energy and Calls for Contract Cancellation

Puerto Rican residents are increasingly frustrated by the persistent power outages. Many are demanding the cancellation of the contract with Luma Energy, the company managing the transmission and distribution of power.

• Several gubernatorial candidates have joined the calls for the contract termination.
• However, the federal control board has rejected this proposal, stating that reverting to the old system would lead to further delays.

Puerto Rico's Push for Renewable Energy and Net Metering Lawsuit

Puerto Rico aims to transition towards renewable energy to reduce dependence on fossil fuels. This shift has brought attention to the net metering law, which compensates solar-equipped households for their contributions to the grid.

• The federal control board filed a lawsuit challenging amendments to the net metering law, arguing that it negatively impacts the independence of Puerto Rico's Energy Bureau.
• The board clarified that it is not seeking to eliminate net metering but to address concerns about the program's impact on the Electric Power Authority, which is grappling with significant debt.

Hurricane Maria's Lasting Impact on Puerto Rico's Infrastructure

The devastation caused by Hurricane Maria in 2017 continues to have a significant impact on Puerto Rico's infrastructure, including the power grid. The island's recovery efforts are hindered by bureaucratic challenges and financial constraints.

• The slow pace of recovery has left many residents without reliable power, highlighting the vulnerability of Puerto Rico's energy system.
• The island's poverty rate exceeding 40% further complicates efforts to ensure access to reliable power, as many residents cannot afford alternative energy sources like generators or solar panels.

Puerto Rico's Ongoing Struggle with Power Outages

Puerto Rico's persistent power outages continue to pose a significant challenge for residents, businesses, and the overall economic recovery of the island. The island's power grid remains fragile and in need of significant investment and repair.

• The federal control board's intervention reflects the urgency of the situation and the need for a coordinated approach to address the power crisis.
• Puerto Rico's transition to renewable energy remains a long-term goal, requiring careful planning, investment, and policy adjustments to ensure a sustainable and reliable energy future.