ARTICLE · 17 APRIL 2024

Energy Transition & Sector Reform

Ankura Consulting Group LLC

Since declaring bankruptcy in 2017, the Puerto Rico Electric Power Authority (PREPA) began what can only be described as a radical transformation - from a vertically integrated electric monopoly...

United StatesEnergy and Natural Resources

Jorge L. San Miguel

Lucas Porter

Policy to Action, Emergency Declaration, Renewable Energy

Since declaring bankruptcy in 2017, the Puerto Rico Electric Power Authority (PREPA) began what can only be described as a radical transformation - from a vertically integrated electric monopoly serving over 1.5 million customers to a disaggregated structure with regulated private management of operation and maintenance (O&M) services for transmission and distribution (T&D) infrastructure and its legacy thermal generation (Generation) fleet. The T&D and Generation privatizations of O&M services began officially in earnest on June 1, 2021, and July 1, 2023, respectively.

Puerto Rico now faces the urgency and criticality of reconstructing its electric grid, modernizing its power generation fleet, and integrating huge amounts of new renewable energy and battery energy storage systems – all essentially at the same time and to comply with the island's energy policy, regulatory requirements, and fiscal plan

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Energy Transition & Sector Reform

Policy to Action, Emergency Declaration, Renewable Energy

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