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prima:Pedro Pierluisi over criticism of the agreement between PREPA and Cobra: “The mayors misunderstood the decision”

Thirteen municipalities claim more than $75 million in the payment of construction taxes and patents corresponding to the works after Hurricane María

August 8, 2024 - 2:18 PM

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This content was published more than 3 months ago.
Cobra Acquisitions had accounts receivable owed by PREPA totaling approximately $359.1 million. (David Villafañe)

Puerto Rico Governor Pedro Pierluisi said that the mayors “misinterpreted” the agreement reached between the Puerto Rico Electric Power Authority (PREPA) and Cobra Acquisitions for the payment of $188.4 million, since, he argued, it does not prevent the municipalities from continuing legal suits against the company to claim the disbursement of a little more than $75 million in construction taxes and patents for work done after Hurricane María in 2017.

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