We intend to invest our time, expertise and resources in LUMA to operate a world-class electric grid and to develop a modern, highly trained craft-skilled workforce for the future of Puerto Rico.  Through a disciplined, committed approach, LUMA will have the benefit of Quanta's industry-leading craft-skilled workforce, as well as recognized experts in technical areas such as high-voltage transmission construction, distributed energy resources and microgrid integration. •LUMA is taking a tailored approach to the implementation of plans for emergency preparedness and response and the further modernization of the T&D system, •LUMA expects improved electricity affordability for the people and businesses of Puerto Rico over time and improving customer service and reliability programs, •LUMA will seek to create economic benefits that attract businesses, create job opportunities and improve quality of life in Puerto Rico, •LUMA will leverage its extensive experience with federal funding procurement, management and deployment, •LUMA has made a strong commitment to Puerto Rico's utility workforce through developing and managing a state-of-the-artline worker and technical training campus in Puerto Rico. These forward-looking statements include any statements reflecting Quanta's expectations, intentions, strategies, assumptions, plans or beliefs about future events or performance or that do not solely relate to historical or current facts. Quanta Services (PWR) Insiders Make Significant Share Sales ending the Trend .. CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED, President, Chief Executive Officer, COO & Director. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this presentation or otherwise, and Quanta expressly disclaims any written or oral statements made by any third party regarding the subject matter of this presentation. Investors and analysts should not place undue reliance on, LUMA Energy, LLC (LUMA), 50% owned by Quanta and 50% owned by ATCO, has been selected for this historic opportunity, the transformation and modernization of the Puerto Rico electric transmission and distribution (T&D) system, in order to provide significant benefits to the people of Puerto Rico through an Operation and Maintenance Agreement (O&M Agreement) with the Puerto Rico Electric Power Authority (PREPA) and the Puerto Rico Public-Private Partnership Authority (P3), LUMA is a purpose-built company that leverages the strengths of Quanta, ATCO and IEM, including world-class utility operations; craft-skilled labor training and management; and federal funds procurement, management and deployment, LUMA's O&M Agreement is consistent with Quanta's long, Long-term, contracted agreement that is expected to provide a visible, recurring and resilient cash flow and earnings stream, LUMA earns a fixed fee for service plus opportunity to earn annual incentive fees based on achievement of performance metrics. LUMA Energy LLC (LUMA), a newly-formed company owned 50 per cent by Canadian Utilities Limited (Canadian Utilities), an ATCO company, and 50 per cent by Quanta Services (Quanta), announced today that LUMA has been selected by the Puerto Rico Public-Private Partnerships Authority (P3 Authority) to modernize and operate Puerto Rico's electric transmission and distribution (T&D) … RFQ issuedas one of four proponentsFormal bid submitted, Govt. Calgary-based ATCO and Houston-based Quanta Services announced Monday after markets closed they had won the right to update and operate the Puerto Rico Electric Power Authority, which includes over 30,000 kilometres of power lines that provide electricity to 1.5 million Puerto Ricans. Quanta and ATCO each own 50% of LUMA. Free and open company data on Puerto Rico company QUANTA SERVICES PUERTO RICO, LLC (company number 413951-1511), c/o Fast Solutions, LLC, Citi Tower, 252 Ponce de Leon Avenue, Floor 20 San Juan, PR 00918 LUMA's selection by the P3 for the O&M Agreement has received all necessary final regulatory and government approvals and follows a competitive process that lasted for more than a year. The campus will be operated by Quanta's accredited postsecondary, educational institution - Northwest Lineman College - and plans to offer world-class, customized curriculum and training to, Quanta Services (PWR) Insider Makes Significant Share Sale. Quanta's (PWR) JV LUMA Wins 15-Year O&M Contract From P3 - June 23, 2020 - Zacks.com Research Triangle Park, NC, June 22, 2020 – LUMA Energy, LLC, a newly created company composed of ATCO Ltd. (ATCO) and Quanta Services, Inc. (Quanta) – and supported by IEM – was selected by the Puerto Rico Public-Private Partnerships Authority (P3) to restore, upgrade, and manage Puerto Rico’s electric transmission and distribution (T&D) system for a term of 15 years. • LUMA has made a strong commitment to Puerto Rico's utility workforce through developing and managing a state-of-the-art line worker and technical training campus in Puerto Rico. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. ATCO Ltd. Jun 22, 2020, 15:49 ET. PREPA retains ownership of the electric T&D system and LUMA is not required to make capital investments in the electric T&D system, Electric T&D system operating costs and capital expenditures are pass-through and paid from pre-funded service, Quanta believes there is opportunity for it to compete for work associated with Puerto Rico's grid modernization efforts, that are separate from its ownership interest in LUMA, Successful collaboration with a customer to deliver unique infrastructure solutions that can serve as a blueprint for future, To that end, Puerto Rico government agencies pursued a partnership with a private entity for a long-term agreement to operate and maintain, entire electric transmission and distribution (T&D) system and to lead the transformation of PREPA. Date of this presentation over the contract term, LUMA will collaborate to deliver a modern sustainable... 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