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The Board approves Title III for PREPA

The entity will not go to Court yet, since it is negotiating with several creditors

1 de julio de 2017 - 1:16 PM

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This content was published more than 7 years ago.
Two hours after Rosselló Nevares requested it, the Oversight Board -unanimously- adopted the resolution of filing for the Title III of PROMESA in favor of PREPA.
Two hours after Rosselló Nevares requested it, the Oversight Board -unanimously- adopted the resolution of filing for the Title III of PROMESA in favor of PREPA. (vanessa.serra@gfrmedia.com)

The Puerto Rico Electric Power Authority (PREPA) is on its way to become the biggest public electric company in the United States to invoke a bankruptcy process after governor Ricardo Rosselló Nevares made a petition for that purpose.

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