All posts tagged "PREPA"
United Retailers: Prepa Reform makes Renewable Energy Use Harder to Adopt
SAN JUAN – The president of the United Retailers Association (CUD by its Spanish initials), Rubén Dávila Piñero, said the adoption of the Puerto Rico Electric Power Authority Revitalization Act would make it more difficult for small...
- Posted January 11, 2016
Business, Labor Groups say PREPA Bill will Hurt Economy
SAN JUAN – Business, labor and consumer representatives on Sunday called for lawmakers to reject a bill to reform Puerto Rico’s troubled electric utility that creditors are requiring as part of an agreement to restructure its $9 billion debt....
- Posted January 10, 2016
KBW: Prepa Deal Positive for Local Banks
An agreement reached late last year between the Puerto Rico Electric Power Authority (Prepa) and its monoline insurers is a significant step forward in the electric utility’s restructuring and a positive for local banks with Prepa exposure,...
- Posted January 5, 2016
Prepa reaches restructuring deal with two insurers
SAN JUAN – The Puerto Rico Electric Power Authority (Prepa) announced Thursday, Dec. 24, that it has reached an agreement with two of its monoline bond insurers, bringing them onboard the restructuring support agreement (RSA) that already...
- Posted December 24, 2015
Prepa Working on Another ‘Deadline’
BY LUIS J. VALENTÍN & PHILIPE SCHOENE ROURA Guess what? The Puerto Rico Electric Power Authority (Prepa) has been negotiating this week yet another extension on a preliminary restructuring deal with two of its main creditor groups....
- Posted December 17, 2015