Commodities and Futures News

Hundreds protest to demand Puerto Rico scrap contract with power grid operator

2022.07.21 00:49

3/3
Hundreds protest to demand Puerto Rico scrap contract with power grid operator
Demonstrators protest to demand the cancellation of electricity grid operator LUMA Energy contract outside the governor’s mansion La Fortaleza in San Juan, Puerto Rico July 20, 2022. REUTERS/Ricardo Arduengo

2/3

SAN JUAN (Reuters) – Hundreds of people marched on Wednesday in Puerto Rico’s capital San Juan to demand that the island’s government cancel its contract with power grid operator LUMA Energy over chronic power outages and frequent rate hikes.

Demonstrators including union leaders and community activists say LUMA has steadily increased power rates despite frequent outages including one in April that left more than one- third of the island in darkness.

Protestors shouted slogans including “There goes LUMA, there goes LUMA with another increase” and “LUMA, a bunch of morons who burn substations.”

Power rates have gone up five times since LUMA began operating Puerto Rico’s transmission and distribution system on June 1, 2020. The last rate hike, which took effect at the start of July, pushed rates up by 17.1%.

“Although we respect the right to protest, the reality is that some people prefer to play politics and ignore the fact that LUMA inherited an electrical system that suffered years, in fact decades, of abandonment,” LUMA said in a statement in response to protests.

The office of Puerto Rico Governor Pedro Pierluisi did not immediately respond to a request for comment.

Hurricane Maria struck Puerto Rico in 2017, decimating a power grid that was already struggling from low maintenance and poor collection of power bills.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 95,455.58 0.82%
ethereum
Ethereum (ETH) $ 2,675.26 4.70%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.46 4.54%
bnb
BNB (BNB) $ 637.44 3.69%
solana
Solana (SOL) $ 156.62 8.55%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.229113 6.77%
cardano
Cardano (ADA) $ 0.728517 6.30%
staked-ether
Lido Staked Ether (STETH) $ 2,670.91 4.60%
tron
TRON (TRX) $ 0.246216 1.73%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,432.57 0.67%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,194.97 4.61%
chainlink
Chainlink (LINK) $ 16.53 7.74%
sui
Sui (SUI) $ 3.20 5.10%
avalanche-2
Avalanche (AVAX) $ 23.58 7.13%
stellar
Stellar (XLM) $ 0.316733 4.67%
litecoin
Litecoin (LTC) $ 122.81 4.16%
the-open-network
Toncoin (TON) $ 3.65 3.94%
leo-token
LEO Token (LEO) $ 9.65 1.11%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 6.48%
usds
USDS (USDS) $ 0.999733 0.25%
hedera-hashgraph
Hedera (HBAR) $ 0.200673 6.16%
mantra-dao
MANTRA (OM) $ 8.38 1.89%
weth
WETH (WETH) $ 2,676.15 4.67%
polkadot
Polkadot (DOT) $ 4.69 7.08%
hyperliquid
Hyperliquid (HYPE) $ 21.55 9.51%
bitcoin-cash
Bitcoin Cash (BCH) $ 310.93 5.57%
ethena-usde
Ethena USDe (USDE) $ 0.999762 0.05%
bitget-token
Bitget Token (BGB) $ 4.85 4.51%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,835.95 4.68%
uniswap
Uniswap (UNI) $ 8.48 7.57%
monero
Monero (XMR) $ 234.06 0.27%
whitebit
WhiteBIT Coin (WBT) $ 27.45 0.03%
near
NEAR Protocol (NEAR) $ 3.29 4.78%
pepe
Pepe (PEPE) $ 0.000009 7.60%
bittensor
Bittensor (TAO) $ 423.73 0.09%
aave
Aave (AAVE) $ 233.58 6.39%
dai
Dai (DAI) $ 0.999922 0.00%
ondo-finance
Ondo (ONDO) $ 1.08 5.60%
aptos
Aptos (APT) $ 5.75 7.46%
internet-computer
Internet Computer (ICP) $ 6.73 5.96%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.49 0.53%
official-trump
Official Trump (TRUMP) $ 14.98 7.76%
ethereum-classic
Ethereum Classic (ETC) $ 19.68 5.74%
mantle
Mantle (MNT) $ 0.861266 5.97%
okb
OKB (OKB) $ 47.95 3.56%
gatechain-token
Gate (GT) $ 22.64 3.38%
susds
sUSDS (SUSDS) $ 1.04 0.22%
sonic-3
Sonic (prev. FTM) (S) $ 0.849396 4.56%