A $600 million adjustment: LUMA Energy’s compensation skyrockets due to inflation and PREPA bankruptcyThe privatization agreements clauses increase both the fixed payments and the bonuses the consortium is entitled to for 15 years
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The Government of Puerto Rico has added $269 million to its future obligations just with the passage of time, as a result of the public-private partnership agreement with LUMA Energy for the power grid management, an amount that would likely continue to grow over the next decade and a half due to inflation.
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