Puerto Rico Electric Power Authority

Pierluisi said his approach to governance would avoid fights and promote cooperation.

A Biden executive order may lead to the expansion of a central Puerto Rico industry — pharmaceuticals.

The pandemic and the resultant lockdowns have hit employment in the 50 states worse than they have on the island, which saw a 1.6% decline.

An outside consultant provided recommendations on how the commonwealth can catch up on its long-delayed financial reporting, including a multi-year CAFR.

Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.

Puerto Rico private sector employment had an even more serious contraction in 2020 on the island than it did in the United States as a whole.

Sixteen investment funds are making an argument on Employees Retirement System bonds that could be widened to other Puerto Rico bonds.

Bondholders complain about lack of resolution and payment, and hitting 'deal exhaustion,' but some stakeholders are hopeful for a resolution this year.

The Economic Activity Index was down 0.4% from October.

Pedro Pierluisi wants to make sure that employees are not dismissed and don't lose their benefits, among other things.

Ambac says that PROMESA is against the Constitution's call for uniform bankruptcy codes.

Three of seven board members will be from the original group.

Some economists say the changes, such as a rise in minimum wage, would be a negative for the local economy.

With the November jobs report showing a decline in employment, and the coronavirus raging, economists debate the state of the commonwealth's economy heading into the new year.

The board wants to increase tax compliance, spend more on healthcare capital projects, and advance the release of CAFRs, among other things.

He has a background working in the island's pharmaceutical industry and for the island's government working to attract and retain private sector firms.

The president named former Utah and Michigan budget director John Nixon and New York educator Betty Rosa. Ana Matosantos may be gone permanently from the board.

Yield-starved investors will help the deal get done, despite credit risks and the island's bankruptcy overhang.

The governor-elect also plans to appoint Manuel Cidre as secretary of economic development and commerce.

The GAO said that the $10.5 billion from the FEMA Public Assistance program might cover only about half of the $20.3 billion identified in Puerto Rico’s Grid Modernization Plan as necessary to repair the grid and make it more resilient.