Recent Stories From this Author
Puerto Rico Oversight Board Names Carrión Chairman
September 30, 2016 The Puerto Rico Oversight Board, at an initial meeting that was interrupted by protests, named José Carrion III chairman and...
PREPA to Argue for Aguirre Offshore Gasport
September 29, 2016 The Puerto Rico Electric Power Authority will attempt change the mind of the Puerto Rico Energy Commission concerning the...
Groups Plan to Derail Puerto Rico Oversight Board Meeting
September 28, 2016 Groups opposed to the Puerto Rico Oversight Board plan to try to prevent its first meeting on Friday in New York City.
Energy Commission Issues 5-Year Plan for PREPA
September 27, 2016 The Puerto Rico Energy Commission issued a five year plan for the island’s power authority, saying the utility had failed to...
Virgin Islands Senate Cuts Bond by 42%
September 26, 2016 The U.S. Virgin Islands Senate has cut the size of a proposed bond by 42%.
Virgin Islands Plans to Raise Taxes in Advance of $426M Bond
September 23, 2016 The U.S. Virgin Islands government is seeking approval of tax raises and spending cuts in advance of a planned $426 million...
Puerto Rico Electrical Service Improves
September 23, 2016 Puerto Rico Gov. Alejandro García Padilla said Friday morning that as of 6 a.m. 75% of Puerto Rican customers had electrical...
Why Puerto Rico Power Outage May Hurt Bondholders
September 22, 2016 Puerto Rico’s power outage may signal a need for greater investment in electric infrastructure, hurting returns for Puerto...
Power Outage Across Puerto Rico
September 21, 2016 Puerto Rico was hit by a major electrical outage sometime between 2 p.m. and 3 p.m. Wednesday.
Why Puerto Rico's Water Utility Is Begging for Access to its Own Money
September 21, 2016 The Puerto Rico Aqueduct and Sewer Authority, seeking to fund safe drinking water projects amid the debt crisis, is trying to...
House Staffer Denies He's Puerto Rico Oversight Board Executive Director
September 21, 2016 U.S. House of Representatives staff person Bill Cooper denied reports he has been made the executive director of the Puerto...
Puerto Rico Employment Shrank in August
September 20, 2016 Puerto Rico’s Employment Shrank in August From July.
Puerto Rican Lawmaker Calls for Ouster of Oversight Board Member
September 19, 2016 Rafael Hernández Montañez, a leading Puerto Rican legislator, called for the ouster of Carlos García from the Puerto Rico...
Puerto Rico Budget Director Says $2B Didn’t 'Miraculously Appear'
September 16, 2016 Responding to stories in The Bond Buyer and at least one other news outlet, Director of the Puerto Rico Office of Management...
Puerto Rico August Revenues Beat Budget by 1.9%
September 15, 2016 Puerto Rico's August revenues came in 1.9% above budget projections.
Puerto Rico Locates $2 Billion
September 14, 2016 Puerto Rico’s government has located about $2 billion in funds that it may use to cover essential services.
Puerto Rico Economic Activity Index Increases for First Time in 17 Months
September 14, 2016 Puerto Rico’s economic activity index was up 0.1% in July from June.
Ravitch Says Puerto Rico Board Members Don't Know Depth of Problems
September 13, 2016 Members of the newly appointed Puerto Rico Oversight Board don’t know the depth of the fiscal problems they will have to...
FINRA Orders UBS to Pay $750K to Two Puerto Rico Bondholders
September 13, 2016 The Financial Industry Regulatory Authority ordered UBS to pay $750,000 in damages to two Puerto Rico bondholders.
Puerto Rico Corruption and Why it Matters
September 7, 2016 How Puerto Rico government corruption has hurt the economy and contributed to the island’s $70 billion debt crisis.