News & Announcements

 
 
 

NATIONAL'S STATEMENT REGARDING ITS PETITION TO THE PUERTO RICO ENERGY COMMISSION:

While National is continuing its discussions with PREPA in good faith to accomplish a consensual restructuring of PREPA, National has petitioned the Puerto Rico Energy Commission to exercise its statutory authority to impose a modest and temporary rate increase and to impose deadlines for the completion of PREPA’s rate case. National believes such actions are necessary in light of PREPA’s breach of its legal and contractual obligations to raise rates sufficiently to satisfy its debt service payments and operating costs as well as its failure to reach a comprehensive restructuring with all of its creditors and its failure to implement necessary operational improvements.