13 de febrero de 2025

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A major increase in the electricity bill could be on its way: these are the key pieces of PREPA’s new fiscal plan

The document projects a 76% increase in the public corporation’s revenues, a multi-million dollar injection that would still not be enough to pay the bondholders, according to the Fiscal Board

February 13, 2025 - 11:09 AM

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If PREPA had to pay the bonds it issued without being restructured - as the Fiscal Oversight Board is seeking - and pay pensions, a household with an average consumption of 425 kilowatt hours (kvh) would have to pay approximately $38 more on its monthly bill, says the public corporation's new certified fiscal plan. (xavier.araujo@gfrmedia.com)

By Joanisabel González

Editora de Negociosjoanisabel.gonzalez@gfrmedia.com

The new certified fiscal plan for the Puerto Rico Electric Power Authority (PREPA) expects the state-owned company to increase its revenues by nearly 76% as of next July, an increase that would essentially be used to defray the cost of operating, by the document’s own admission, the most inefficient and expensive electric system of all the public electric companies in the United States.