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prima:Oversight Board questions $23.7 million request to increase PREPA’s budget

The entity’s Executive Director warned that the public utility should not use one-time funds for regular expenses

November 24, 2023 - 2:18 PM

Archival note
This content was published more than 1 year ago.
For Board Executive Director, Robert Mujica, “Determinations of budgets are based on demonstrated need and reasonableness of the costs proposed to satisfy that need and not on how much funds on hand may be available.” (Shutterstock)

The Oversight Board questioned a series of budget increases recently requested by the Puerto Rico Electric Power Authority (PREPA), issuing a letter with numerous requests for information to justify the proposed adjustments to line items.

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