Puerto Rico Electric Power Authority
| Agency overview | |
|---|---|
| Formed | May 2, 1941 |
| Dissolved | May 31, 2021 (Transmission Lines & Distribution Areas) by LUMA Energy. June 30, 2023 (Generation Area) by Genera PR. |
| Superseding agency |
|
| Headquarters | San Juan, Puerto Rico |
| Website | aeepr |
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. 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.
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.