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prima:Electric Power Authority faces more than $10 billion deficit

According to the latest financial statement, the public corporation is not viable to continue operating

July 8, 2026 - 1:29 PM

The photo shows a view of the Sabana Abajo power substation operated by the Electric Power Authority. (Ramon "Tonito" Zayas)

The Puerto Rico Electric Power Authority (PREPA), which is in dispute with its main creditors before the Title III court to determine how much it can pay toward its bond obligations, reported an accumulated deficit of $10.142 billion at the close of fiscal year 2023, according to Puerto Rico’s 2023 Consolidated Annual Financial Report (CAFR 2023).

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