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prima:Fiscal Oversight Board points out PREPA’s noncompliances that prevent the preparation of an efficient fiscal plan

The agency imposed a deadline on the government to turn over all requested information and material, and issued a “notice of violation” of the Promesa law

August 3, 2024 - 7:40 PM

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El Aguirre Offshore GasPort es el proyecto sobre el que se cimienta la reforma energética del gobernador Ricardo Rosselló y está incluido en el plan fiscal de la AEE. (Archivo / GFR Media)
The FOMB cautioned that PREPA's fiscal plan should describe projected spending on various programs and "customer classes" to provide a clearer picture of planned investments.

The Fiscal Oversight Board (FOMB) warned the Puerto Rico Electric Power Authority (PREPA) that it has failed to comply and is in violation of the provisions of the Promesa law for not submitting detailed information requested by the agency, which is necessary for the preparation and certification of its fiscal plan.

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