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prima:Seven keys to understanding PREPA’s bankruptcy and the future of the electricity system

Following the new impasse in the negotiations to modify the obligations of the public corporation, we explain what it means and how the situation would affect the service or the electricity bill

December 17, 2024 - 6:26 AM

The Fiscal Oversight Board awaits a new decision from the First Circuit in Boston to present a new Adjustment Plan for the Puerto Rico Electric Power Authority (PREPA). In a file photo, a view of the Aguirre Power Plant in Salinas. (dennis.rivera@gmail.com)

While Governor-elect Jenniffer González has assembled a handful of energy experts to identify how to operate the electric system effectively, the bankruptcy process is stalled because the Fiscal Oversight Board (FOMB) and the bondholders objecting to the Puerto Rico Electric Power Authority (PREPA) are unable to reach a monetary understanding to end the bankruptcy process.

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