Montalva UpdateThere has been another request for extension, made on October 30th 2022, to further extend to December 30th for providing PREB with information related to the LUMA feasibility study for the Montalva Project.
Again they are currently still awaiting some technical and timing concerns regarding LUMA's invoice for the study.
"As explained in the previous joint request for extension, the Parties have reached a preliminary agreement which consists of LUMA Energy LLC ("LUMA") performing a feasibility study to determine if the Montalva project can be safely and reliably integrated into the T&D System, considering operational and capacity constraints, among other technical criteria (Feasibility Study)".
Definition: As previously mentioned (and denied by certain persons) LUMA is performing the study to see if Montalva can be safely and reliably intergrated into the transmission and distribution system.
To also consider the operational and capacity contraints of the transmission and distribution system.
Until this feasibilty study is completed by LUMA there has been no determination made as to line capacity or whether it can be safely and reliably integrated.
Period.
Wait and see.