Act 57-2014, as amended, known as the Energy Transformation and RELIEF Act, gives the Energy Bureau of the Puerto Rico Public Service Regulatory Board exclusive primary jurisdiction to approve rates and charges established by the Puerto Rico Electric Power Authority (PREPA), as well as any independent energy provider, with regards to the electric service provided to consumers.
On January 10, 2017, the Energy Bureau issued a final resolution and order regarding PREPA’s petition for rate review, determining the first-rate review of PREPA’s rates in 27 years.
Said rates were implemented on May 1, 2019. Pursuant said rates, the Energy Bureau shall approve, on a quarterly basis, the adjustment factors for fuel purchase and power purchase. Furthermore, the Energy Bureau shall approve, on an annual basis, the adjustment factors regarding the costs associated to the Contribution in Lieu of Taxes (CILT) and other subsidies established by law.
On June 5, 2019, PREPA filed before the Energy Bureau a request for the approval of the adjustment factors for fuel purchase and power purchase, for the July-September 2019 quarter, as well as the adjustment factors for CILT and other subsidies corresponding to fiscal year 2019-2020. Along with its request, PREPA included the documents related to the reconciliation of the permanent rate to the provisional rate, which remained in effect from August 2016 until the implementation of the new rate. Also, PREPA filed documentation related to the reconciliation of the costs associated to the fuel purchase and power purchase during the emergency period after the passing of the hurricanes Irma and Maria through Puerto Rico.
In compliance with its statutory duties, the Energy Bureau is in the process of evaluating and approving the aforementioned adjustment factors.
Examine the following section of Documents Related to the Rate Review to access the documents submitted by PREPA, as well as the Resolutions and Orders issued by the Energy Bureau regarding this matter.