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July 29, 2015 8:05 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
Customer Service Director
Compensation as of Fiscal Year 2015.

Puerto Rico Electric Power Authority Key Developments

The Puerto Rico Electric Power Authority Names Javier Quintana Mendez as Its New Executive Director, Effective from Aug. 3, 2015

The Puerto Rico Electric Power Authority board of directors named Javier Quintana Mendez as its new executive director. Quintana Mendez will assume the role on Aug. 3, 2015. Quintana Mendez has been serving as the vice-chair of the PREPA Board of Directors for almost two years.

The Puerto Rico Electrical Power Authority Announces Executive Changer

The Puerto Rico Electrical Power Authority announced that Carlos Castro, who had been the PREPA director of generation, had been named interim executive director. He will be replacing Juan Alicea Flores, who resigned. Ernesto Ramos will serve as interim financial director, Rafael Perez Jimenez will serve as interim generation director, Nelida Ayala will serve as interim legal director, and Carmen Flores will serve as interim customer service director.

Residents and Businesses of Puerto Rico File Class-Action Lawsuit against Puerto Rico Electric Power Authority, Petrobras and Shell Trading (US) Company

Residents and businesses of Puerto Rico have filed a class-action lawsuit against Puerto Rico Electric Power Authority (PREPA), employees of PREPA's Fuel Oil Office, including Petrobras and Shell Trading (US) Company and Puerto Rico-based fuel oil laboratories for perpetuating an extensive fuel oil fraud, resulting in users of electricity in Puerto Rico being overcharged by more than $1 billion dollars for electricity since 2002. The lawsuit, filed on Feb. 24, 2015, in the U.S. District Court for the District of Puerto Rico names 20 defendants for receiving kickbacks and payments for colluding to raise fuel oil prices that were directly passed to users of electricity, by agreeing to use non-complaint fuel oil and falsifying lab tests.

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