LUMA Energy officially took over operation of Puerto Rico’s electrical transmission and distribution system on June 1, 2021, triggering widespread protests under the rallying cry ‘Fuera LUMA’ (Out LUMA). The takeover represented the culmination of McKinsey’s privatization …
LUMA EnergyPuerto Rico Labor UnionsAngel Figueroa JaramilloJocelyn Velazquez RodriguezTodo Puerto Rico por Puerto Rico Coalition+1 morepuerto-ricoluma-energyprotestsprivatizationlabor-organizing+5 more
The Puerto Rico Public-Private Partnership Authority recommended LUMA Energy—a joint venture between Quanta Services and Canadian Utilities Limited—to operate Puerto Rico’s electrical transmission and distribution system for 15 years in exchange for $1.5 billion, with annual management fees of …
Hurricane Maria struck Puerto Rico on September 20, 2017, knocking out the entire electrical grid, leaving thousands without shelter, and causing thousands of deaths directly or indirectly—exposing catastrophic infrastructure failures resulting from decades of austerity and debt service …
McKinsey & CompanyFinancial Oversight and Management Board for Puerto RicoPuerto Rico Electric Power AuthorityNaomi Kleinhurricane-mariapuerto-ricodisaster-capitalismshock-doctrinemckinsey+5 more