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February 08, 2016 7:23 PM ET

Electric Utilities

Company Overview of Puerto Rico Electric Power Authority

Company Overview

Puerto Rico Electric Power Authority engages in the production, transmission, and distribution of electric power in Puerto Rico. It primarily serves residential, commercial, and industrial clients, as well as government agencies and municipalities. The company was founded in 1941 and is based in San Juan, Puerto Rico.

PO Box 364267

San Juan, PR 00936-4267

United States

Founded in 1941





Key Executives for Puerto Rico Electric Power Authority

Executive Director
Interim Financial Director
Planning and Environmental Protection Director
Generation, Transmission, and Distribution Director
Compensation as of Fiscal Year 2015.

Puerto Rico Electric Power Authority Key Developments

Puerto Rico Electric Power Authority Extends Contract with AlixPartners

The Puerto Rico Electric Power Authority (PREPA) announced that it has extended its contract with AlixPartners through March 15, 2016, as the utility continues negotiation discussions with creditors and focuses on implementing PREPA's comprehensive transformation. AlixPartners will also continue to assist PREPA in achieving and executing upon the Restructuring Support agreement reached with the Ad Hoc Bondholder Group. This extension enables PREPA to continue implementing critical initiatives uninterruptedly. PREPA will continue working to modernize power plants, increase its service offering, provide employees with a job environment where they can work safely and effectively, and offer customers stable rates, all in compliance with the applicable environmental regulations. This is the third extension of the AlixPartners contract and will increase the value of the contract to $27,759,000. The extension agreement will enable AlixPartners to provide specialized guidance and expertise in areas such as information systems, transmission and distribution, human resources, finance and operations.

Puerto Rico Electric Power Authority Seeks Investments

Puerto Rico Electric Power Authority is reaching out to the private sector to help upgrade its aging infrastructure and lessen its reliance on oil. Puerto Rico Electric Power Authority says it will be accepting submissions of investment proposals through October 26, 2015.

AEE Secures Improved Fuel Supply Contracts

AEE secured fuel supply contracts for its thermal power plant fleet that will translate to annual savings of USD 50 million compared with current supply contract terms. The firm signed a contract for the supply of fuel oil No.6 from FreePoint Commodities LLC and a natural gas supply contract from Gas Natural Fenosa.

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