Oversight Board files amended Plan of Adjustment for PREPAThe Board proposed a deeper cut to bondholders and other creditors while confirming that there will be a “hybrid charge” on the electric bill
The Fiscal Oversight Board filed yesterday a new Plan of Adjustment for the Puerto Rico Electric Power Authority (PREPA-POA) proposing a deeper cut to bondholders and therefore reducing the “hybrid charge” to pay for the financial reorganization and which will be incorporated into the electric bill for the next three decades.
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