Published 13 days ago • loading... • Updated 12 days ago

Board rejects rate increase to help restructure debt of Puerto Rico power company

The Executive Director of a federal control board stated it is impossible for Puerto Rico to pay the $8.5 billion demanded by bondholders in a bankruptcy case involving the power company.
Robert Mujica Jr. Revealed a new fiscal plan allowing the government to pay creditors $2.6 billion without increasing electric rates.
The plan does not address the power company's debt of over $9 billion, and expenses are projected to be higher than in the previous fiscal plan.
Mujica emphasized the need for investment to improve the deteriorating power grid, stating that Puerto Ricans deserve a reliable utility.

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Associated Press News

+6 Reposted by 6 other sources

Board rejects rate increase to help restructure debt of Puerto Rico power company

The executive director of a federal control board that oversees Puerto Rico’s finances says it is “impossible” for the U.S. territory to pay the $8.5 billion bondholders are demanding in a bankruptcy case involving the island’s power company.

12 days ago·United States

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Independent Español

Federal Board rejects tariff increases to help restructure Puerto Rico’s EEE debt

The executive director of a federal control board that oversees Puerto Rico’s finances said it’s “impossible” for the island to pay the $8.5 billion bondholders demand in a bankruptcy trial involving the island’s electricity company.

12 days ago

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Centro de Periodismo Investigativo

The Board says it works to leave Puerto Rico, but it does the opposite

The headline on the front page of the newspaper reads as follows: “The exit route of the Fiscal Board for 2028 has been traced.” This is an interview published on December 1, with the outgoing director of the Financial Advisory Authority and Fiscal Agency (AAFAF), Omar Marrero, in which he said that if the team of Gov. Jenniffer González Colón continues its work plan, the Fiscal Control Board can leave Puerto Rico in three years. Four days later…

13 days ago

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Coverage Details

Total News Sources9

Leaning Left4Leaning Right1Center2Last Updated11 days agoBias Distribution

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57% of the sources lean Left

57% Left

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Centro de Periodismo Investigativo broke the news in 13 days ago on Tuesday, February 11, 2025.

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Board rejects rate increase to help restructure debt of Puerto Rico power company

9 Articles

9 Articles

Board rejects rate increase to help restructure debt of Puerto Rico power company

Board rejects rate increase to help restructure debt of Puerto Rico power company

Federal Board rejects tariff increases to help restructure Puerto Rico’s EEE debt

Federal Board rejects tariff increases to help restructure Puerto Rico’s EEE debt

The Board says it works to leave Puerto Rico, but it does the opposite

The Board says it works to leave Puerto Rico, but it does the opposite

Coverage Details

Bias Distribution

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