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.