Friday, September 25, 2020

All posts by Eva Lloréns Vélez

  • Divided House Passes Prepa Revitalization Bill

    SAN JUAN – The House passed the Puerto Rico Electric Power Authority Revitalization Bill with 26 votes in favor and 22 against after a debate punctuated by long recesses. Senate Bill 1523 must now return to the...

    • Posted February 15, 2016
  • Justice Scalia’s Passing to Affect Supreme Court Decisions on Puerto Rico

    SAN JUAN – The passing of Justice Antonin Scalia affects the cases now before the Court, including two very important cases involving Puerto Rico. Votes that Scalia cast in cases that have not been publicly decided are...

    • Posted February 15, 2016
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  • House Swears in Rep. Torres Monsegur

    SAN JUAN – The House swore in Monday Luis Eli Torres Monsegur as the new representative for District 23, which comprises Yauco, Guayanilla, Peñuelas and Ponce. Torres Monsegur replaces former Rep. Nelson Torres Yordán, who left the...

    • Posted February 15, 2016
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  • Prepa: We Need Puerto Rico Bankruptcy Law Because RSA ‘Fragile’ and ‘Uncertain’

    Nonprofits say Inability to Restructure Debt Will Hurt Essential Services The Puerto Rico Electric Power Authority (Prepa) has urged the U.S. Supreme Court to validate a local bankruptcy law because the current restructuring support agreement (RSA) with...

    • Posted February 12, 2016
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  • Bond Exchange Seeks to Trade Value for Shared Pain

    The bond exchange the Puerto Rico government is proposing to holders of $49.2 billion of debt will have an impact on local bondholders who have a nominal value of around $15 billion in bonds. Economist Vicente Feliciano...

    • Posted February 11, 2016
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  • Senate Passes Prepa Bill Despite Numerous Concerns

    SAN JUAN – The Puerto Rico Electric Power Authority (Prepa) Revitalization bill was approved Wednesday following a long debate in which opponents warned it would bind the government for the next 30 years, increase the utility’s debt...

    • Posted February 10, 2016
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  • NPP Secretary General: Public Housing projects sold at ‘bargain prices’ to select group

    SAN JUAN – The Housing Financing Authority sold its public housing projects at “bargain prices” to a “select group of developers,” as well as some loan portfolios in an effort to raise funding for the Government Development...

    • Posted February 10, 2016
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  • Prepa Hearing Witness: Lab Doctored Fuel Compliance

    SAN JUAN – Former Puerto Rico Electric Power Authority (Prepa) chemist Abraham Ortiz Charriez charged Tuesday that the utility altered the results of 500 to 600 documents on oil purchases using Liquid Paper correction fluid because the...

    • Posted February 9, 2016
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  • Prepa Revitalization Act to Lead to Higher Power Rates

    SAN JUAN – The Senate revealed Tuesday its final version of the Puerto Rico Electric Power (Prepa) Authority Revitalization Act, which makes way for the utility’s Restructuring Support Agreement with a majority of its bondholders. The legislation...

    • Posted February 9, 2016
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  • Puerto Rico Think Tank: Fiscal Responsibility Law is the Answer

    SAN JUAN – Arguing that a fiscal control board would enforce the kind of strict, inflexible and static budget control measures that have already failed in Puerto Rico, the Center for the New Economy (CNE) is proposing...

    • Posted February 8, 2016
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