Puerto Rico Electric Power Authority

A consensual plan of adjustment is unlikely to be reached, according to one observer.

Dismissal would ease approval of a the current proposed plan of adjustment.

Included in the plan is a $545 million for a loan to the Puerto Rico Electric Power Authority and more money for the government's emergency reserve.

The U.S. Supreme Court ruled against a journalist group seeking the release of a wide range of Puerto Rico Oversight Board information, which may have had an impact on the PREPA bankruptcy proceedings.

One analyst says the final figure will be closer to the Puerto Rico Oversight Board's estimate than the bondholders'.

Without a consensual plan, the bankruptcy could be dismissed.

Judge Laura Taylor Swain is upset little mediation has occurred in recent months.

Without certification it will be harder to get the appeals court to hear any bondholders' appeal.

Increasing electric rates to pay the debt would lead to economic contraction, a University of Puerto Rico professor said.

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

They say there are at least six different novel or unsettled questions of law that would be clarified by an appeals court ruling.

The parties haven't been engaging in mediation, angering Judge Swain.

How $5.7 billion will be divided among creditors remains to be figured out.

The Oversight Board, the Fiscal Agency and Financial Advisory Authority, and fuel line lenders filed separate objections to the bondholders' request, arguing it would further complicate PREPA's plan of adjustment.

Swain set a deadline ahead of what was requested by the Oversight Board.

Through the fiscal year's first eight months, revenues are 17.2% above projections.

The Puerto Rico Oversight Board wants the district court's PREPA bankruptcy to continue even if an appeals court considers the bondholders' appeal of a lien ruling.

Economic activity index is up month-to-month but down year-over-year.

The board says the PREPA bondholders are making "extraordinarily broad and burdensome" requests.

The bond parties want the appeals court to immediately consider their liens on revenue but getting this heard before an approved plan of adjustment may be an uphill battle.