Puerto Rico bureau approves PREPA transfer to defaulting company July 7, 2023 The money is to help AES-Puerto Rico continue to provide PREPA with electricity. Posted in Junk bonds, Local Governments & Public Authorities, Municipal Finance, Public finance, Puerto Rico, Puerto Rico Electric Power Authority, Speculative grade bonds and tagged Junk bonds, Public finance, Puerto Rico, Puerto Rico Electric Power Authority, Speculative grade bonds