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In this Wealth Wednesday episode, we break down Puerto Rico’s ongoing power crisis and the government’s lawsuit against LUMA Energy. While the story has dominated news in Puerto Rico, it has barely reached the mainland United States — and the implications are serious.

We clarify misinformation around LUMA’s finances, explain why the real issue traces back to PREPA’s $9 billion bankruptcy, and unpack how decades of neglect left Puerto Rico’s power grid fragile long before Hurricane Maria. We also explore why blackouts last days instead of hours, how rising electricity bills are impacting residents and businesses, and why unreliable power continues to block economic growth on the island.

This episode dives into who actually controls Puerto Rico’s power system, why many believe the government is effectively suing itself, and what a realistic best-case scenario could look like moving forward.

Chapters

00:00 Intro and episode overview

02:23 Why Puerto Rico is suing LUMA Energy

03:18 What LUMA bankruptcy rumors get wrong

06:13 Why blackouts hurt Puerto Rico’s economy

09:09 Who actually owns the power grid

14:33 Why transparency and public data matter

18:36 Can Puerto Rico fix its energy crisis

22:05 What the best-case scenario looks like

23:34 When real change could happen