Puerto Rico Electric Power Authority Autoridad de Energía Eléctrica de Puerto Rico
Agency overview
Formed
May 2, 1941; 83 years ago (1941-05-02)
Dissolved
May 31, 2021; 2 years ago (2021-05-31) (Transmisions Lines & Distribution Areas) by LUMA Energy. June 30, 2023 (Generation Area) by Genera PR.
Superseding agency
LUMA Energy Genera PR
Headquarters
San Juan, Puerto Rico
Website
aeepr.com/en-us
The Puerto Rico Electric Power Authority (PREPA; Spanish: AEE) Is an electric power company owned by the Commonwealth of Puerto Rico responsible for electricity generation, power distribution, and power transmission on the island.[1] PREPA was the only entity authorized to conduct such business in Puerto Rico, making it a government monopoly, until on January 22, 2018, former governor of Puerto Rico, Ricardo Rossello, announced that all assets of the company will be sold in a general privatization of PREPA.
The authority was ruled by a board of directors appointed by the governor with the advice and consent of the Senate. After 2014, PREPA was subject to the Puerto Rico Energy Commission, another government agency whose board of directors was also appointed by the governor.
Hurricane Maria in September 2017 destroyed PREPA's distribution network, creating a blackout in all parts of the island.[2]
^"Ley de la Autoridadf de Energia Electrica de Puerto Rico" (PDF). Presupuesto.gobierno.pr. Archived (PDF) from the original on 2015-09-24. Retrieved 2015-03-03.
^"Why Hurricane Maria left Puerto Rico completely without power". The Verge. Archived from the original on 2017-09-26. Retrieved 2017-09-28.
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