EnerNex Report – Review of Puerto Rico Energy System Expense Projections in the 2025 PREPA Fiscal Plan

Puerto Rico’s energy system has deteriorated for decades because PREPA did not make the investments needed to maintain and modernize the grid and power plants. An independent review commissioned by the Oversight Board states, “Without accelerated and substantial corrective measures, system reliability and performance will continue to degrade, increasing the frequency, duration, and breadth of outages for PREPA customers”.

The independent review assessed and pressure-tested the operators’ estimates of the system’s needs. The findings in the report available now support the conclusion that the funding requested in the PREPA Fiscal Plan is justified given the grid’s condition and the scale of work required to stop this long-term decline. Ensuring adequate investment now is essential to stabilize the system and build the reliable grid and power generation Puerto Rico needs.