“LUMA Is Currently the only Option”: Fiscal Board Intervenes in Lawsuit to Cancel Operator Contract
3 Articles
3 Articles
The agency submitted to the Supreme Court a brief as “court friend”, in which it reiterated that nullifying the agreement would violate both the fiscal plan and state laws.
The Board of Financial Supervision and Administration came out in defense of the contract of LUMA Energy and warned that its cancellation could cause a scenario of chaos in the electricity system of Puerto Rico, considering that currently there is no other...
The Fiscal Supervisory Board (JSF) requested - today Tuesday- authorization from the Supreme Court of Puerto Rico to intervene as amicus curiae in the consolidated cases on the LUMA Energy contract and requested, in the pleading accompanying its request, that it be determined that the Government cannot terminate the transfer operation agreement [...]
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