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prima:No More Electricity Increases campaign lashes out against court ruling favoring PREPA bondholders

The organization stressed that although the First Circuit Court of Appeals recognized the $8.5 billion claim of the holders of the public corporation’s debt, the amount is “unpayable”

June 17, 2024 - 10:47 AM

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This content was published more than 6 months ago.
In the photo, Cathy Kunkel, spokeswoman for the No More Electricity Increases campaign. (David Villafañe/Staff)

The citizens’ campaign No More Electricity Increases pointed out that the court ruling that granted the Puerto Rico Electric Power Authority (PREPA) bondholders the right to collect all the bonded debt issued by the public corporation is “completely divorced from the reality of Puerto Rico.

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