Thursday, August 6, 2020

Public hearings on power rate hike start Saturday in Mayagüez

By on September 9, 2016

SAN JUAN – The Puerto Rico Energy Commission (PREC) announced Friday it will hold four public hearings to allow citizens to comment on the proposed 2-cent per kilowatt-hour (kWh) energy rate hike.

The first hearing will take place Saturday at the amphitheater of the College of Engineering at the University of Puerto Rico, Mayagüez, at 10 a.m. The preliminary list of witnesses includes Máximo Torres of Máximo Solar; Carlos J. Parés of Somos Solar Inc.; Ramón Febus, an attorney for the Ayuda Niños Legal Center for the District of Mayagüez-Aguadilla, and Isaac Jordán, a graduate student in the Electrical Engineering Department.

Prepa headquarters in San Juan (CB photo/Eduardo San Miguel Tió)

Prepa headquarters in San Juan (CB photo/Eduardo San Miguel Tió)

The commission approved on June 24 a provisional rate hike for all customer classes in the amount needed to produce $222,256,790 in revenue. Therefore, the commission approved a uniform increase of 1.299 cents per kWh, which was added to the existing base rate of energy consumption. The temporary hike went into effect Aug. 1

The PREC also recently approved a separate transition charge and adjustment mechanism that the Puerto Rico Electric Power Authority Revitalization Corp. had proposed to pay for the Puerto Rico Electric Power Authority’s securitized debt. The charge is around 3 cents per kilowatt-hour. Both hikes are the result of the utility’s restructuring of its $9 billion debt.

The hearings will continue Monday at Universidad Católica in Ponce, Tuesday at the UPR’s Humacao campus and Wednesday at PREC offices in Santurce.

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