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PREPA

2392 employees

Founded in 1941, the Puerto Rico Electric Power Authority (PREPA) is the sole provider of electricity for 1.5 million customers. For almost 70 years, PREPA has been producing, transmitting, distributing and selling electricity in the most efficient, economical and reliable way, without harming the environment. As one of the largest public utilities in the United States, PREPA ranks Number 1 in clients, Number 1 in revenues, Number 6 in sales kWh, and Number 7 in generation kWh. PREPA is a company with comprehensive capital investment plans to respond to short and medium term projected demand, strong strategic planning to reduce fuel oil dependency, strong debt service coverage, and effective system management, including redundancies for emergency preparedness.

Investor insights

Funding rounds participated in

$74M sweet spot round size

Investor type

Public Company

Basic info

Industry

Utilities

Sectors

Utilities

Date founded

1941

Funding rounds raised

Total raised

$74M

from 1 investors over 1 rounds

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PREPA raised $74M on April 26, 2024

Investors: Federal Emergency Management Agency

FAQ