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Call for Fair Puerto Rico Power Debt Restructuring Without Rate Hikes.

The U.S. Senate urges the creation of a new, sustainable debt restructuring plan for the Puerto Rico Electric Power Authority (PREPA) that avoids increasing electricity rates for residents and businesses. The current proposed plan introduces a new "legacy charge" that would raise bills by 12-13%, threatening the closure of thousands of small businesses and accelerating out-migration. The resolution aims to protect citizens from unaffordable increases and facilitate the transition to cheaper renewable energy.
Key points
Puerto Rico residents pay some of the highest electricity rates in the US despite low median incomes, while the electrical system remains fragile.
The proposed PREPA debt restructuring plan introduces a new charge that would increase residential bills by an average of about $19 per month, jeopardizing small businesses.
The Senate urges the adoption of a plan that is economically viable for all parties and explicitly prohibits imposing additional electricity rate increases on residents and business owners.
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Additional Information
Print number: 118_SCONRES_12
Sponsor: Sen. Menendez, Robert [D-NJ]
Process start date: 2023-07-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A concurrent resolution recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_SCONRES_12.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-07-12.

What are the main provisions?

Key points include:

  • Puerto Rico residents pay some of the highest electricity rates in the US despite low median incomes, while the electrical system remains fragile.
  • The proposed PREPA debt restructuring plan introduces a new charge that would increase residential bills by an average of about $19 per month, jeopardizing small businesses.
  • The Senate urges the adoption of a plan that is economically viable for all parties and explicitly prohibits imposing additional electricity rate increases on residents and business owners.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Menendez, Robert [D-NJ].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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