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Home > Company Index > Utilities > Electric Utilities > Puerto Rico Electric Power Authority

Puerto Rico Electric Power Authority
 PROFILE
No man is an island, but Puerto Rico Electric Power Authority stands alone on one. Founded in 1941, the government-owned utility is the sole provider of electricity for Puerto Rico, where it serves about 1.3 million customers. Puerto Rico Electric has a generating capacity of nearly 4,400 MW primarily from fuel oil at four steam plants and a combustion turbines plant. Because the utility is isolated from other providers and often faces weather problems, it maintains a higher-than-average reserve of power. In order to keep up with increasing demand, Puerto Rico Electric is developing projects with private-sector cogenerators.

 COMPETITION
Duke Energy Corporation (DUK)
Endesa S.A. (ELE)
Enron Corp. (ENE)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 1,987.30
1-Yr. Sales Growth: 29.9%
Employees: 10,200
Revenue per employee: $194,833.33

 KEY PEOPLE
• Miguel A. Cordero
    CEO
• Martin Arroyo
    CFO

 CONTACT INFO
Ave. Ponce De Leon 17 1/2
San Turce, PR 00909
US
Phone: 787-289-3434
Fax: 787-289-4665
Online: Web Site

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