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prima:Swain calls for PREPA to submit new Adjustment Plan

The judge also insisted on a consensual solution by approving the hiring of PJT Partners as counsel in the mediation process, at a rate of $1 million per month

March 21, 2025 - 7:17 PM

Judge Laura Taylor Swain in an illustration by Ramón Sandoval (Para El Nuevo Día / Ramón Sandoval)

U.S. District Judge Laura Taylor Swain extended indefinitely the judicial moratorium on the bankruptcy case of the Puerto Rico Electric Power Authority (PREPA), but suspended it to require the Puerto Rico Fiscal Oversight Board (FOMB) to submit a new Plan of Adjustment for the public corporation (PDA-PREPA).

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