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prima: Swain rules to continue with PREPA’s financial restructuring process

Although the Fiscal Board succeeded in advancing in the Title III process, the entity acknowledged that the restructuring remains marked by uncertainty, that the pension dilemma is not resolved, and that, regarding the future, Puerto Rico’s economy “does not look good”

November 16, 2023 - 5:42 PM

Archival note
This content was published more than 1 year ago.
U.S. District Judge Laura Taylor Swain in an illustration by Ramón Sandoval. (Para El Nuevo Día / Ramón Sandoval)

U.S. District Judge Laura Taylor Swain approved the Puerto Rico Electric Power Authority’s (PREPA) financial restructuring process to continue after concluding that the revised Disclosure Statement justifying the public corporation’s Plan of Adjustment (PREPA-POA) contains adequate information.

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