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prima:PREPA will receive $50.6 million out of the $73.4 million that 43 agencies owe for electricity service

The funds will mainly go to pay pensions under PREPA Retirement System

August 28, 2023 - 10:42 AM

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This content was published more than 1 year ago.
Sede de la estatal Autoridad de la Energía Eléctrica. (EFE)
PREPA will recover 69% of the debts claimed against agencies and public corporations prior to June 1, 2021.

The Puerto Rico Electric Power Authority (PREPA) will receive a $50.6 million injection. This money comes from an agreement with over 40 public agencies that owed PREPA $73.4 million. This debt dates back before June 1, 2021, when LUMA Energy took over control of PREPA.

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