Puerto Rico Electric Power Authority

The Unsecured Creditors Committee say that two factors make it clear the current restructuring deal will never be approved.

The commonwealth has been able to access less than 30% of the aid the federal government promised after the devastating 2017 hurricane.

The Puerto Rico government attributes the decline to the COVID-19 virus and the governor's resulting lockdown order.

Some economic sectors should open sooner than others, it said.

Analyst says the shortfall is another problem for the island's economy.

The appellate ruling that residents should be eligible for the Social Security Administration program has the potential to help Puerto Rico's economy.

The Puerto Rico Oversight Board had asked for the postponement, citing the impact of COVID-19 and its possible financial impact on PREPA.

The judge said that certain attorney-client privilege confidential information must be removed from complaint.

The Oversight Board has asked for delays concerning non-central government bonds.

The Unsecured Creditors Committee responded to the Oversight Board chairman's statements that the board may change central government bond restructuring terms.

The funds will be in addition to the $160 million from the Emergency Reserve Fund that the board released March 12.

Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.

The money is for post-Maria reconstruction costs.

The total employment number slipped below one million in December, according to the U.S. Bureau of Labor Statistics.

The report says that the bond restructuring plan would lead to greatly increased rates and drastically cut usage.

On Sunday Puerto Rico's governor said she would oppose rate increases to support the authority's debt restructuring.

Puerto Rico's legislature may not want to approve what would effectively be an electricity rate increase, said analysts at a recent conference.

The index increased in comparison to figures from a year and month earlier.

While the aid is for repairs following 2017's Hurricane Maria, some are particularly welcoming it now after earthquakes have shaken the southwest for two weeks.