All posts tagged "PREC"
Public hearings on power rate hike start Saturday in Mayagüez
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...
- Posted September 9, 2016
Industry Group Challenges Prepa Transition Charge
Group files lawsuit alleging that transition charge would deter use of renewable energy
- Posted August 18, 2016
Energy Commission, Prepa clash over need of testimony in rate hike process
SAN JUAN – The Puerto Rico Energy Commission (PREC) and the Puerto Rico Electric Power Authority (Prepa) clashed over the panel’s insistence to seek the testimony of a top utility official to determine if the utility’s claims...
- Posted August 9, 2016
IEEFA: Prepa Restructuring Deal Won’t Restore its Financial Health
SAN JUAN – After analyzing the Puerto Rico Electric Power Authority’s debt restructuring deal, the Institute for Energy Economics and Financial Analysis found that it will lead to higher electricity bills, worsen the economy and halt the...
- Posted August 5, 2016
Jenniffer González Says Prepa Rate Hike Could Have Been Avoided
SAN JUAN – Jenniffer González, the New Progressive Party’s (NPP) candidate for resident commissioner, said the provisional hike in the electric bill that went into effect Monday is “unnecessary,” but declined to say if the party would...
- Posted August 1, 2016
Provisional Electric Bill Hike Begins Monday
SAN JUAN – A provisional hike of 1.299 cents per kilowatt-hour in Puerto Rico Electric Power Authority (Prepa) rates goes into effect Monday for all customers as part of an agreement to restructure the public utility’s $9 billion...
- Posted July 31, 2016
Prepa Announces Provisional Rate Hike Goes into Effect Aug. 1
To produce $222.3 million in revenue
- Posted July 10, 2016
Prepa to Impose Provisional Rate Hike
Rate hike can take effect in 30 days
- Posted June 25, 2016
PREC Approves Transition Charge for Prepa Customers
SAN JUAN – The Puerto Rico Energy Commission approved Tuesday night a transition charge and adjustment mechanism that the Puerto Rico Electric Power Authority Revitalization Corp. had proposed to pay for the utility’s securitized debt. The transition...
- Posted June 21, 2016
Prepa Expected to Submit Alternative Proposal to Transition Charge
SAN JUAN – The Puerto Rico Electric Power Authority Revitalization Corp. is slated to submit to the Puerto Rico Energy Commission (PREC) an alternative proposal for the rate design of its transition charge, which will be used...
- Posted June 6, 2016