Puerto Rico Electric Power Authority

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.

Before 2014, the authority was managed by a board of directors appointed by the governor with the advice and consent of the Senate. After 2014, PREPA was managed by the Puerto Rico Energy Commission, a government agency whose board of directors was appointed by the governor.

Hurricane Maria in September 2017 destroyed PREPA's distribution network, creating a blackout in all parts of the island.

In 2017, PREPA declared bankruptcy and began a privatization process. In 2021, as part of the privatization process, Luma Energy took over Puerto Rico's power transmission and distribution system. After suing Luma in July 2025 over damages to customer appliances during chronic power blackouts since Hurricane Maria, the Puerto Rican government sued Luma in December 2025 to cancel its contract with the company. In 2023, Genera PR, a subsidiary of New Fortress Energy, took over operation of the island's power plants. After the second Trump administration fired five of the seven members of the federal control board overseeing PREPA's bankruptcy in August 2025 and bondholders terminated an agreement with the board in response, the bankruptcy proceedings were restarted in October 2025. The board had rejected a rate increase in February 2025 as part of PREPA's debt restructuring. As of January 2026, PREPA remains in bankruptcy.