Whereas the electrical system of Puerto Rico has been fragile and suffered from a lack of investment for years, since well before Hurricane María destroyed the system in 2017; Whereas, despite local and Federal efforts to rebuild the electrical grid of Puerto Rico, that electrical grid remains extremely fragile and vulnerable; Whereas, in September 2022, category-1 Hurricane Fiona triggered an island-wide blackout for 1,500,000 customers; Whereas the population of Puerto Rico, the median household income of which is less than ½ of that of the population of the poorest State, pays among the highest electric rates in the United States; Whereas the transition to renewable energy is key to reducing electric rates in Puerto Rico by eliminating dependence on imported, price-volatile fossil fuels, which constitute up to 60 percent of the budget of the Puerto Rico Electric Power Authority (referred to in this preamble as the PREPA ), but currently only 3 percent of the energy on the island of Puerto Rico comes from clean sources; Whereas, between 1974 and 2016, the PREPA made numerous bond issuances pursuant to the Trust Agreement between the Puerto Rico Water Resources Authority and First National City Bank dated January 1, 1974, reaching $8,300,000,000 in outstanding bond debt; Whereas the PREPA is considered to have the largest debt of all public entities in Puerto Rico; Whereas the retirement system of the PREPA warned that, by April 2023, it would run out of funds to cover the obligations owed to its nearly 12,000 pension holders, and has yet to articulate a plan that ensures future monthly payments for retirees; Whereas, in July 2017, the Financial Oversight and Management Board for Puerto Rico (referred to in this preamble as the FOMB ) filed a petition pursuant to title III of the Puerto Rico Oversight, Management, and Economic Stability Act ( 48 U.S.C. 2161 et seq. ), commencing a debt adjustment proceeding for the PREPA