PUERTO RICO ELECTRIC POWER AUTHORITY

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Case Number:

3:17-bk-04780

Court:

Puerto Rico

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Firms

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July 28, 2025
Judge Nixes Puerto Rico Bond Claim, Tilson Sues Gigapower

A New York federal judge ruled that bondholders of Puerto Rico's public electric utility cannot pursue claims against the commonwealth's government. Tilson Technology sued joint venture Gigapower in Texas, claiming a breached contract on major infrastructure work led to its bankruptcy. FTX agreed to drop six Delaware lawsuits seeking to recover $28.75 million in political donations, most of which went to Republican-aligned groups.
July 23, 2025
PREPA Bondholders Say Utility Swiped $2.9 Billion

The electric utility for Puerto Rico on Wednesday defended itself in New York bankruptcy court from allegations that it had improperly spent its revenues, which the bondholders claim as collateral for $8.5 billion worth of bonds.
April 14, 2025
Debt Deals On The Rise, Purdue Can Begin Claims Processing

A Texas district court, not a bankruptcy court, will oversee the U.S. trustee's efforts to claw back millions in legal fees paid to Jackson Walker over an undisclosed relationship between an attorney and bankruptcy judge; out-of-court debt deals eclipsed Chapter 11s by a 4-to-1 ratio last year; and drug manufacturer Purdue Pharma can begin processing claims ahead of a Chapter 11 confirmation hearing. This is the week in bankruptcy.
April 09, 2025
Puerto Rico Utility Shorted Bondholders By $2.9B, Docs Say

Bondholders of the Puerto Rico Electric Power Authority requested permission from a Puerto Rico bankruptcy judge to file a financial report revealing that the bankrupt utility failed to transfer $2.9 billion over six years into a trust account designated for debt repayment.
February 28, 2025
Under The Radar: Bankruptcy News You May Have Missed

The licensing arm of Universal Studios objected to a Party City asset sale, bondholders urged a judge to lift a stay on outside litigation in the Puerto Rico Electric Power Authority's restructuring case, and a satellite service provider asked a court to dismiss an adversary suit brought by debtor Ligado Networks. These are some of the bankruptcy stories you may have missed in the last week.
September 27, 2024
Puerto Rico Utility Creditors Seek OK For Bond Claims Suit

Representatives of the Puerto Rico Electric Power Authority's unsecured creditors are asking a New York federal judge to allow them to contest what they say is the wrongful lumping of $8.4 billion in bondholder claims with their own claims against the utility.
July 26, 2024
Puerto Rico Fiscal Board Sues To Stop Solar Panel Bill

The Financial Oversight and Management Board for Puerto Rico on Friday sued Gov. Pedro R. Pierluisi to nullify a law extending a program which reduces the cost of solar panels for Puerto Rican households, calling it legislative interference with the island's energy regulator.
July 10, 2024
Judge Urges Deal On Puerto Rico Utility Bond Claims

The judge overseeing the restructuring of Puerto Rico's electric utility on Wednesday asked the island's fiscal board and bondholders to prove wrong a court-appointed mediator's gloomy assessment on the prospects for compromise on disputes over bond claims.
June 20, 2024
Puerto Rico May See Higher Utility Rates After 1st Circ. Ruling

Puerto Ricans may be looking at higher power costs as the island's electric utility is forced to adjust its restructuring plans in the wake of a First Circuit finding that bondholders have a claim on the utility's revenues.
March 04, 2024
Puerto Rico Fiscal Board Argues For Utility Reorg Plan

Puerto Rico's fiscal oversight board told a federal judge on Monday that it had the only plan to save the island's troubled electric utility, while bondholders claimed the board had created the plan specifically to shortchange them.

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