This transition provides continuity to ongoing efforts to support key LUMA initiatives and relationships with regulators and other stakeholders.
(January 14, 2024 – San Juan, Puerto Rico) – LUMA announced today the appointment of Alejandro Figueroa Ramírez, Esq., as its new Chief Regulatory Officer. Figueroa will be succeeding Mario Hurtado who, after four years with LUMA, will be taking on a new senior leadership role with Quanta Services. As LUMA’s new Chief Regulatory Officer, Mr. Figueroa will utilize his deep regulatory experience and proven leadership in Puerto Rico, as well as detailed knowledge of the public private partnership in which LUMA participates for operation of the electric grid.
“We congratulate Alejandro on this new role at such a historic moment for our company. This planned transition is part of our succession planning for our senior management team, including positioning Puerto Rico leaders for success. It also reflects our commitment to complying with federal and local regulatory requirements. Alejandro’s experience, including his leadership in regulatory and infrastructure matters across the public and private sectors, will be critical in this new phase for LUMA. We also thank Mario Hurtado for his unwavering commitment to our customers and his significant contributions to the company even before joining LUMA. His leadership has been vital to our organization’s regulatory compliance and energy innovation and to carrying out LUMA’s responsibilities as operator of the Puerto Rico electrical grid,” stated Juan Saca, LUMA’s President and Chief Executive Officer.
Figueroa: Strong Background of Experience in Puerto Rico
Figueroa joined LUMA last year as Vice President of Regulatory and has more than 13 years of experience as an attorney. Over the course of his career, he advised the members of Puerto Rico’s Financial Oversight and Management Board and its Executive Director on the restructuring of key public corporations, including the Puerto Rico Electric Power Authority (PREPA), the Puerto Rico Aqueduct and Sewer Authority (PRASA), and the Puerto Rico Highways and Transportation Authority (HTA). From 2015 to 2018, he served as Deputy General Counsel and General Counsel for the Puerto Rico Energy Commission (now the Puerto Rico Energy Bureau). During this tenure, he played a pivotal role in reviewing and approving PREPA’s first Integrated Resource Plan and Rate Case Review Request while also contributing to evaluating infrastructure development projects and designing various public policy initiatives.
Figueroa holds a bachelor’s degree in international business administration from Bryant University in Smithfield, Rhode Island, and a Juris Doctor from the University of Puerto Rico School of Law. In his new role as Chief Regulatory Officer, he will lead and provide strategic direction for LUMA’s interactions with the Government of Puerto Rico, its agencies, and key industry stakeholders.
Hurtado: Transitioning to a New Senior Leadership Role
Mario Hurtado will return to Quanta Services as Vice President of Strategic Operations while continuing to support LUMA and Puerto Rico.
Hurtado led efforts to address the system’s generation shortfall, helping secure federal funds to establish additional generation capacity on the island. This resulted in the addition of more than 350 MW, which Genera PR now operates. He also reinforced LUMA’s commitment to renewable energy by collaborating with renewable energy producers to increase distributed and large-scale solar and storage projects, reduce reliance on fossil fuels, and generate customer savings.
About LUMA LUMA is a Puerto Rican company that, since June 1, 2021, operates and manages the electric power transmission and distribution system in Puerto Rico. LUMA is a company driven by a mission to transform the electrical transmission and distribution system to provide all Puerto Ricans with the reliable, resilient, cleaner, and affordable electrical grid they deserve. As a customer-centric company, LUMA’s entire workforce of more than 4,000 employees is focused on safely delivering an exceptional customer service experience to its 1.5 million customers.
