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What is Puerto Rico Electric Power Authority mean?
The Puerto Rico Electric Power Authority (PREPA; Spanish: Autoridad de Energía Eléctrica de Puerto Rico, AEE) was 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, then-governor of Puerto Rico, Ricardo Rossello, announced that all assets of the company will be sold in a general privatization of PREPA.
The authority was ruled by a board of directors appointed by the governor with the advice and consent of the Senate. Since 2014, PREPA was subject to the Puerto Rico Energy Commission, another government agency whose board of directors was also appointed by the governor.
Hurricane Maria in September 2017 destroyed PREPA's distribution network, creating a blackout in all parts of the island.
referencePosted on 29 Oct 2024, this text provides information on Miscellaneous in Academic & Science related to Academic & Science. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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