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Fiscal Board seeks a 75% cut in PREPA debtAfter certifying a new fiscal plan for the public utility, it proposes to only pay $2.5 billion.
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21 de noviembre de 2024
73°nublado
Fiscal Board seeks a 75% cut in PREPA debt
U.S. District Judge Laura Taylor Swain ordered the Fiscal Oversight Board and the major creditors of the Puerto Rico Electric Power Authority (PREPA) to file an updated report on how they will proceed with the utility’s bankruptcy process after the entity overseeing Puerto Rico’s public finances told the court that it will drastically amend the “Modified Second Amended Title III Plan of Adjustment of the Puerto Rico Electric Power Authority” it had proposed less than three months ago.
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