Judge Determines Significant Reduction in Debt of Puerto Rico’s Electric Power Authority
Debt of Puerto Rico’s Electric Power Authority Reduced by 75% After a lengthy court battle over the true value of the debt owed by the Electric Power Authority (PREPA), Judge Laura Taylor Swain has determined that the amount payable will be reduced from $9 billion to $2.3 billion, a significant 75% cut. Potential Impact on … Read more