Approved rate and budget are the result of a legally established regulatory process led by the Puerto Rico Energy Bureau as an independent entity
San Juan, Puerto Rico – April 15, 2026 – Following the determination issued by the Puerto Rico Energy Bureau (PREB) as part of the rate review process, LUMA stated it will evaluate the decision to determine how it supports the investments needed for the electric system, as well as the next steps for implementation and to ensure adequate funding for the system.
This process, established by law and led by PREB as an independent regulator, included participation from LUMA, Genera PR, and the Puerto Rico Electric Power Authority (PREPA), which presented and supported their respective proposals, along with numerous intervenors who contributed to the review and scrutiny of each proposal. PREB’s responsibility is to assess the needs of the electric system and establish an electric rate that supports a level of investment aligned with customer needs.
LUMA recognizes that any increase in the bill has a direct impact on its customers. For this reason, it is critical that every dollar translates into investments that result in stable and reliable service for the approximately 1.5 million homes and businesses it serves.
“We recognize that any change in the bill has a direct impact on our customers, and we understand the concerns this has generated. As part of this process, we presented the Bureau with different investment scenarios focused on addressing the most urgent system needs, from ongoing maintenance to the modernization of critical infrastructure,” said Alejandro Figueroa Ramírez, LUMA’s Chief Regulatory Officer. “We are evaluating the Bureau’s determination in full to understand how the approved investments support those plans, prioritizing actions that will have the greatest impact on system stability and service reliability, while maximizing every additional dollar for the benefit of our customers.”
While federal funding has been critical in advancing reconstruction projects, those funds are designated for specific initiatives. Addressing day-to-day system maintenance, replacing aging infrastructure, and responding to unforeseen events requires additional sources of investment such as those contemplated in this process.
Over the past five years, meaningful progress has been made to stabilize and transform the system, with a focus on delivering more reliable service and responding more quickly to customer needs. Key progress includes:
- Rebuilding five transmission lines that had remained out of service since Hurricane Maria, benefiting thousands of customers and strengthening system resilience, including critical facilities
- Installation of 20 transformers at substations that had exceeded their useful life, directly supporting system stability for thousands of customers
- Installation of 160 breakers at substations to help isolate faults more quickly, reduce outage duration, and improve service reliability
- Replacement of 42,500 poles to strengthen the grid against storms
- Deployment of more than 10,700 automated devices across the grid to help prevent customer outages
- Investment of $2 billion in federal funds to improve service quality
Next Steps
LUMA will evaluate in detail the determination issued by PREB and its implications, including potential changes to the electric bill and how costs are allocated within the system. Currently, approximately 80% of the electric bill is associated with components outside of transmission and distribution operations, such as fuel, subsidies, PREPA pension payments, and other charges.
As part of the regulatory process established by the Bureau, participating parties, including LUMA, Genera PR, and PREPA, may request reconsideration or file additional motions.
We reaffirm our commitment to continue operating with transparency, accountability, and a strong focus on our customers as we advance the stability, transformation, and progress of Puerto Rico’s electric system.
About LUMA
LUMA is a Puerto Rican company that, since June 1, 2021, operates and maintains 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 service they deserve. As a customer-centric company, LUMA’s entire workforce of over 4,000 employees is focused on safely delivering an exceptional customer service experience to its nearly 1.5 million customers.
