LUMA Energy operates, maintains, and modernizes Puerto Rico’s electricity transmission and distribution system under a long-term public-private partnership. It runs the grid, performs maintenance, and implements upgrades to improve reliability and service, while the government retains ownership of the assets. The company is a joint venture formed by Quanta Services and ATCO and secured a 15-year contract to transform the island’s power infrastructure. Unlike typical private utilities, LUMA’s model combines private operational expertise with public ownership under a government contract, making its role in Puerto Rico's energy system distinct from purely privatized or purely public utilities. The goal is to restore and strengthen grid reliability, reduce outages, and deliver steady electric service for the island under the terms of the contract, though its future has been subject to legal and political challenges.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Santa Isabel, Puerto Rico
Founded
2020
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