The biggest fiscal problem facing PREPA is its uncontrolled fossil fuel expenses, which have driven electric rates from 18.2 cents/kWh in January 2021 to 33.4 cents/kWh today.
“[Groups, conventions and sporting events generated $35 million in sales from July to September.]
This shows Puerto Rico’s enormous potential in this sector. This has been a great collaborative effort. As long as the different components of the industry continue to work as a team, we will continue to advance in groups and events travel.”