Proponents for Puerto Rico utility’s transmission, distribution concession announced
SAN JUAN – The executive director for the Puerto Rico Public Private Partnerships (P3 Authority), Omar J. Marrero, announced Thursday the selection of four proponents to manage and operate “all aspects” of the electricity transmission and distribution (T&D) system of the Puerto Rico Electric Power Authority (Prepa).
The qualifying proponents, from the five statements of qualifications received after the request for qualifications was opened Oct. 31., are Duke Energy Corp., Exelon Corp., PSEG Services Corp. and a consortium composed of ATCO Ltd, IEM and Quanta Services Inc. (collectively, the Quanta Consortium).
The P3 Authority’s press release described Duke Energy as a company that serves approximately 7.6 million customers in six states and has a T&D “system that extends more than 295,000 miles.” Exelon “is a Fortune 100 listed company. In 2017 Exelon served more than 10 million customers and generated revenues of approximately $33.5 billion. PSEG Services Corporation is a company that provides services to around 3.8 million customers covering approximately 2,600 square miles of territory.”
The release says the Quanta Consortium’s companies have “broad experience,” with Quanta Services serving as a “provider of infrastructure solutions for the electric power, oil and gas, and telecommunications industries in North America.:
The company has more than 41,000 employees and approximately $10.5 billion in revenue, the P3 Authority said. As for ATCO. it “offers innovative business solutions and services on various platforms, including electricity, structures and logistics, pipelines and liquids, and retail energy. The company has approximately 7,000 employees,” the release reads.
Finally, IEM is a “global security consulting company that specializes in providing strategies, technologies and innovative solutions. Through its years of experience, IEM has overseen more than $51 billion in disaster recovery programs and has supported more than 300 state and local jurisdictions with a wide range of services,” the release adds.
“Now we begin the transformation of our energy system in the Island,” Marrero said. “Under a public-private partnership we will be developing a system that responds to the real needs of our people, providing stability, reliability and efficiency to our Island’s energy system.”
Having four “highly-qualified companies competing for this P3 project, speaks volumes about the confidence they have in Puerto Rico and about credibility of the process. This competition will bring opportunities for providing better costs and better and new services to our consumers,” Prepa Executive Director José Ortiz Vázquez is quoted as saying.
The P3 Authority is sending the request for proposals (RFP) to the proponents and said it is expected that its selection of the “proponent for the management of the project” will take place during the third quarter of 2019.
For more information on public-private partnership projects, you can access http://www.p3.pr.gov.