Puerto Rico

The Puerto Rico Oversight Board says PREPA electric demand will decline 50% by 2051.

Mediation sessions are expected to resume in the coming weeks.

The contract is for 10 years.

Revenue were better than projected despite the Treasury Department postponing deadlines for certain taxes.

Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.

Bondholders say they have lost patience after six years of nonpayment.

While the bill has wide support in the Puerto Rico House of Representatives, the Oversight Board has yet to offer its opinion.

Certain Puerto Rico issuers with over $5 billion outstanding continue paying bondholders in full and on time.

The Oversight Board seeks to recover $1.42 billion in fees on bond deals and interest rate swaps.

Net revenues for September and October came in 12.3% above budgeted projections.

It says its urgent motion was administrative and the objections shouldn't be accommodated.

They also want to know why recovery was cut by $2.4 billion since Nov. 8.

Bondholders say the Oversight Board's offer is less than it was a few weeks earlier.

Sixteen Republicans joined all Democrats to vote in favor of the binding plebiscite.

Bankruptcy judge extends plan of adjustment deadline to Dec. 21.

The island expects federal government funds to provide the lion's share of its resources in 2021-2025.

Puerto Rico bankruptcy Judge Laura Taylor Swain approved the Oversight Board's request for five more days.

The bond issuance was one step of several taking place Tuesday stemming from the court approval of the HTA plan of adjustment, which reduces HTA's $6.4 billion of total claims by more than 80%.

Their support of a plan of adjustment could be key to winning approval from Bankruptcy Judge Swain.

The mediation team asked the Oversight Board to submit delayed data and analyses by end of business on Friday.