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Tuesday, October 13, 2026 · UTC
Puerto Rico

Fiscal Oversight Board revokes $5.9B 10-year temporary power generation contract

The board acted this week over government objections, as LUMA warned court of $1.3B in losses if its grid contract ends.

Yadiel Rosario Quiñones
Grid and Infrastructure Reporter
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The Puerto Rico Fiscal Oversight Board has revoked approval for a $5.9 billion 10-year temporary power generation contract between AEE and three private contractors.[1] Board executive director Robert Mujica Jr confirmed the vote proceeded despite explicit objections from the government contracting agency.[2] The contract had been awarded to Power Expectations LLC, Enchanted Rock LLC and Reyes Contractor LLC.[3] Separately, LUMA Energy representatives told the Puerto Rico Supreme Court that terminating the company's grid operating contract would result in $1.3 billion in losses and put 4,000 jobs at risk.[4] LUMA President Janisse Quiñones submitted a sworn statement quantifying that at least $726 million of those costs are unavoidable.[5] On 2026-10-07, New Fortress Energy initiated required procedures for the LNG tanker Amur River to enter San Juan Bay.[6]
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What this stands on
  1. The Puerto Rico Fiscal Oversight Board stated on the reported Tuesday that it revoked approval of a $5.9 billion 10-year temporary power generation contract between AEE and three private contractors. · Metro Puerto RicoPuerto Rico
  2. Robert Mujica Jr, executive director of Puerto Rico's Fiscal Oversight Board, stated on the date of publication that the board revoked approval for a $5.9 billion 10-year temporary power generation contract despite explicit objections from the government contracting agency. · esnoticiapr.com
  3. The Puerto Rico Fiscal Control Board revoked approval for a 10-year $5.9 billion temporary power generation contract between AEE, Power Expectations LLC, Enchanted Rock LLC and Reyes Contractor LLC. · Sin Comillas
  4. LUMA Energy legal representatives stated before the Puerto Rico Supreme Court that terminating their power grid contract would cause $1.3 billion in losses and endanger 4,000 jobs. · NotiCel - La verdad como es - Noticias de Puerto Rico - NOTICEL -Puerto Rico
  5. LUMA President & CEO Janisse Quiñones submitted a sworn statement quantifying that the nullification of the Extension and the consequent termination of the T&D OMA would impose approximately $1.3 billion in quantifiable costs, of which at least $726 million are unavoidable. · San Juan Daily Star
  6. On 2026-10-07, New Fortress Energy representatives in Puerto Rico stated they had initiated required procedures for the LNG tanker Amur River to enter San Juan Bay. · El Nuevo DíaPuerto Rico
The 3 we could place publish from Puerto Rico. 3 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.