Puerto Rico Electric Power Authority (PREPA)

The Puerto Rico Electric Power Authority (“PREPA”) is a public corporation of the Government of Puerto Rico created pursuant to Act No. 83 of May 2, 1941, as amended. PREPA owns and operates electric generation, transmission and distribution facilities serving all of Puerto Rico, supplying approximately 99% of the power consumed on the Island. The Government of Puerto Rico has publicly announced that it is seeking to establish a public-private partnership with respect to PREPA’s electric transmission and distribution system.
 

CREDIT RATING DASHBOARD

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Budget

Audited Financial Statements

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2014

Annual Financial Information

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2014

On July 2, 2017, the Financial Oversight and Management Board for Puerto Rico (“FOMB”), at the request of Governor Rosselló Nevares, commenced a Title III case for the Puerto Rico Electric Power Authority (“PREPA”) by filing a petition for relief pursuant to Section 304(a) of PROMESA, 48 U.S.C. § 2164(a), in the United States District Court for the District of Puerto Rico. As such, PREPA is currently a debtor in a proceeding under the Title III of PROMESA, 48 U.S.C. § 2161, et seq. Pursuant to Section 315(b) of PROMESA, 48 U.S.C. § 2175(b), the FOMB serves as PREPA’s representative in its proceeding under the Title III of PROMESA. PREPA’s Title III proceeding is being jointly administered with the Commonwealth’s Title III proceeding for procedural purposes only in the United States District Court for the District of Puerto Rico under Case No. 17-BK-03283-LTS. The Title III case docket can be accessed for free by clicking here.