PUERTO RICO ELECTRIC POWER AUTHORITY

Track this case

Case overview

Case Number:

3:17-bk-04780

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

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.
October 13, 2023
Puerto Rico Business Group Calls PREPA Plan Unviable

A Puerto Rican business group asked a federal judge to reject the disclosure statement of the Puerto Rico Electric Power Authority's reorganization plan Friday, saying its rate hikes are unfair and economically unviable.
September 05, 2023
Puerto Rico Board Files Settlement With Electric Bond Holders

Puerto Rico's fiscal management board has filed the restructuring support agreement it reached with holders of Puerto Rico Electric Power Authority bonds included in its revised restructuring plan for the utility.
July 14, 2023
Puerto Rico Fiscal Board Says Deal Possible On Utility Bonds

A New York federal judge has given Puerto Rico's fiscal oversight board two more weeks to file a restructuring plan for the island's electric utility after the board said it has prospects of a deal with the utility's bondholders.
June 27, 2023
Puerto Rico Utility Bondholders' Claim Estimated At $2.4B

A New York federal judge has found the holders of $8 billion in bonds issued by Puerto Rico's electric utility have just under $2.4 billion in claims against the utility's future revenue, saying she was unconvinced the bonds could ever be fully repaid.
June 13, 2023
Mediators Say Talks Have Stalled On Puerto Rico Utility Debt

Talks are at a standstill on breaking an impasse over more than $8 billion in Puerto Rico Electric Power Authority bondholder claims, mediators working the bankruptcy case told a New York judge overseeing a restructuring of the utility's debt on Tuesday.
May 03, 2023
Judge Wants Explanation For Stalled Puerto Rico Debt Talks

The New York federal judge overseeing the debt restructuring of Puerto Rico's electric utility on Wednesday ordered bondholders and the island's fiscal oversight board to explain why they've failed to make progress in plan mediation.
February 28, 2023
Puerto Rico Utility Reorg Heading For Creditor Vote

A New York federal judge sent a $4.3 billion reorganization plan for the Puerto Rico Electric Power Authority out for a creditor vote Tuesday, overruling arguments from bondholders that the plan stands no chance of confirmation.
February 10, 2023
Puerto Rico Fiscal Board Proposes $4.3B Utility Reorg Plan

Puerto Rico's fiscal oversight board has filed a reorganization plan for the island's electric utility that it says will trim $4.3 billion in debt with bondholder settlements and claim limits while paying off the remaining $5.7 billion in debt over the next 35 years with an electric rate surcharge.