As official hurricane season barrels down on the Caribbean, this month the LUMA Energy consortium embarks on an unprecedented $20 billion, 15-year project to rebuild the damaged, long-neglected electric infrastructure on Puerto Rico.
In this episode of Grid Talk, host Marty Rosenberg follows up with two former guests to get an update on the project.
Wayne Stensby is the President and CEO of Luma Energy. David Owens is the Vice-Chair of the Puerto Rico Electric Power Authority.
“We will be administering the deployment of the FEMA funding to rebuild what is desperately needed here in Puerto Rico in terms of a badly dilapidated and damaged… transmission and distribution…and kind of all the elements of technology in the power system,” said Wayne Stensby.
FEMA, the U.S. Federal Emergency Management Agency, is providing $10 billion to support the effort, one of its largest undertakings ever.
“We interact extremely well with the FEMA, with the Department of Energy, with other agencies who have a keen interest in the work that Wayne is going to be doing to rebuild the grid, so I think we’re on target,” Owens said.
David K. Owens is an accomplished executive with extensive experience in public policies surrounding utility operations, strategic planning, technology development, rate making and regulation. He is recognized as one of the foremost authorities on electric utility issues, industry restructuring, and transformation. His experience in the electricity sector includes leading the Edison Electric Institute’s (EEI’s) efforts over a broad set of issues that affect the future structure of the electric industry and new rules in evolving competitive markets.
He spearheaded efforts to enhance the public policy climate for investments in America’s electric infrastructure with emphasis on the role of new technologies to address climate change, and to enhance energy efficiency through smart buildings, smart appliances, smart meters, and smart electric grids.
Mr. Owens is a graduate of Howard University with a Bachelor and Master of Engineering degrees. He also has a Master in Engineering Administration from George Washington University.
Luma Energy was formed Quanta Services, ATCO, and Innovative Emergency Management to rebuild Puerto Rico's electrical grid.
Mr. Stensby joined ATCO in 1988 and has held a variety of leadership positions, including assignments in Canada, the U.K. and Australia. Most recently, in mid-2019, Mr. Stensby was appointed Executive Vice President, Corporate Development, where he was responsible for the growth of Canadian Utilities’ global portfolio of investments in premier energy infrastructure.
Mr. Stensby holds a Bachelor of Science in Electrical Engineering from the University of Alberta and is registered as a Professional Engineer with APEGA.