Recognizing the need for a sustainable, economically viable, and fair debt restructuring plan for the Puerto Rico Electric Power Authority.

HCONRES 55 is a non-binding congressional resolution urging Puerto Rico's Financial Oversight Board to develop a new debt restructuring plan for the Puerto Rico Electric Power Authority (PREPA) that avoids further electric rate increases. It highlights that current proposals would add $19 monthly to average residential bills (already double the U.S. average) and risk closing 12,000 small businesses. The resolution emphasizes the need for a plan that protects PREPA’s finances, supports grid rehabilitation, and prevents additional costs for residents and businesses. It follows recent court delays and the Oversight Board’s admission that the current plan is unsustainable.