Prepa in 2017 A.D.—After Donahue

When the Alejandro García Padilla administration hired AlixPartners to overhaul the ailing Puerto Rico Electric Power Authority (Prepa), the plan from the outset was to restructure the utility’s $9 billion debt outside the rest of Puerto Rico’s $72 billion public debt load—“one false step in the bigger tranche and it’s lights out for Puerto Rico,” … Continue reading Prepa in 2017 A.D.—After Donahue