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The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.
April 24 -
The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.
April 22 -
The extension of the current solar net metering system could lower revenue for the utility.
April 18 -
In question is FAFAA's findings of fact and conclusions of law, which bondholders say was unauthorized.
April 9 -
Congress has taken no significant action on bills that would stop the depletion of the United States Virgin Islands' government pension system for 21 months.
April 3 -
Only one of 14 legacy generation facilities were operating normally at the end of January, suggesting less recovery for bondholders.
March 27 -
There is no timetable for rulings in bankruptcy case or appeal of lien rulings, which could lead to months of additional work on a new payment plan.
March 19 -
Bond parties want several creditor classes' votes in favor of the plan of adjustment to be disqualified.
March 13 -
The separate settlements some bond parties have reached with the Oversight Board "dramatically violate" the trust agreement, the trustee's attorney said.
March 5 -
The Oversight Board approved the restructuring of PREPA power supplier AES's municipal bonds as arguments begin in the plan of adjustment hearing.
March 5