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prima:Financial Board asks First Circuit Court of Appeals to review its decision regarding PREPA debt

The agency asserts that the appellate court erred in defining the public corporation’s net income as intangible rather than physical money

November 28, 2024 - 12:30 PM

In the photo, a view of the control center of the Costa Sur plant, one of the main generators of the Puerto Rico Electric Power Authority (PREPA), in Guayanilla. (Ramon "Tonito" Zayas)

The Financial Oversight and Management Board (FOMB) has returned to the First Circuit Court of Appeals to request that the court modify its recent ruling in the dispute with bondholders objecting to the Puerto Rico Electric Power Authority (PREPA).

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