Puerto Rico power restored to 47% of customers after island-wide blackout
By Scott DiSavino
(Reuters) -Puerto Rico power company Luma Energy said it had restored power to nearly half of its customers by early on Thursday after an island-wide blackout the day before.
"Our crews will continue working throughout the day to ensure that 90% of customers have service restored within the next 48 hours," Luma said in a statement.
On its website, it said 689,651, or 47%, of its roughly 1.5 million customers had service at 8:10 a.m. local time.
The power failure was the latest in a series of blackouts, most recently, on New Year's Eve, on the U.S. island territory after much of the grid had to be rebuilt following Hurricane Maria in 2017.
"As part of our response efforts, we are investigating the cause of this incident, including what role and effect the long-recognized impact of the fragility of the system had on this island-wide outage," Luma said.
"We remain committed to transforming the system into one that is safer and more reliable for all customers in Puerto Rico," it added.
Following overnight aerial patrols with helicopters, Luma said preliminary analysis suggested a number of factors had caused the power outage.
It cited a protection system failure as the trigger, followed by the presence of vegetation on a transmission line between Cambalache and Manatí.
Luma, which started operating the Puerto Rico power grid in 2021, is a joint venture between units of Canadian energy firm ATCO and U.S. construction and engineering firm Quanta Services.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
OpenAI has discussed raising money from Saudi Arabia, Indian investors, The Information reports
(Reuters) -OpenAI has talked to Saudi's PIF, Indian conglomerate Reliance Industries and existing shareholder United Arab Emirates' MGX about its $40 billion financing, The Information reported on Wednesday, citing people familiar with the fundraise. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
US regulators push through last-minute delay to new private fund reporting rules
By Chris Prentice NEW YORK (Reuters) -U.S. regulators scrambled on Wednesday to extend a deadline for new data reporting requirements for investment advisers to private funds, just one day before they were due to take effect. The rules, adopted by two U.S. markets regulators in February 2024, will require advisers to disclose more information to regulators in a bid to boost the government's ability to spot risks from private markets that have swelled in size in recent years. The U.S. Securities and Exchange Commission extended the deadline for compliance to later this year in a 3-1 vote on Wednesday, less than 24 hours before firms had to comply. The Commodity Futures Trading Commission also voted in favor of an extension, marking the second time the regulators decided to push back the deadline after previously postponing it in January. "Additional time is required for dialogue with filers, review of the reasonableness of the data demands, and review of the actual utility of the information collected," SEC Chairman Paul Atkins said during Wednesday's open meeting. Private funds have pressed the SEC to review this rule, among others, and have warned the new requirements are unnecessary and costly. The firms now have until October 1, 2025 to comply. The new data, which includes disclosure of events pointing to significant stress within 72 hours, would be accessible to the Financial Stability Oversight Council, which gathers top financial regulators across the U.S. government to monitor systemic risks. Regulators have cautioned for years that growing private markets could pose increasing risks, particularly as they are more opaque and less vigorously regulated than traditional markets. Federal agencies have begun a push to loosen regulations as part of Republican President Donald Trump's agenda since he took office in late January. "The SEC and other regulators, including FSOC, depend on these detailed data to better comprehend when the private markets may be experiencing turbulence that could affect our entire financial system, because these entities generally operate outside our regulatory purview," said Caroline Crenshaw, the lone Democratic SEC commissioner.
Yahoo
an hour ago
- Yahoo
Pentagon cancels procuring M10 Booker combat vehicles due to 'current world events'
(Reuters) -The Pentagon on Wednesday said it would cancel plans to procure M10 Booker combat vehicles that it had agreed to in a 2022 contract with General Dynamics Land Systems "in response to current world events." "The Army will request to reallocate the remaining funds in fiscal 2025 to accelerate fielding of war-winning capabilities and anticipates additional significant savings to be fully realized within the next 18-24 months," the Pentagon said in a statement.
