Puerto Rico Electric Power Authority

FEMA's "empty chair" at hearing draws fire from members of the House emergency preparedness subcommittee.

The Supreme Court will rule on both the legality of the board members' appointments and the validity of their rulings since appointment.

The board's suit has the same cause as a frozen suit against PREPA.

The board anticipates spending $596 million for COFINA and GDB debt service.

Signed on June 30, 2016, the Puerto Rico Oversight, Management, and Economic Stability Act sent Puerto Rico’s bondholders and residents on a difficult odyssey that is far from over.

They say a ruling in the Aurelius case reinforces their contention that the Puerto Rico Oversight Board is a federal body.

The U.S. Senate has until July 14 to act.

The agreement “would increase prices by up to 21%” and it’s “highly unlikely PREPA will be able to completely offset the legacy debt charges,” resulting in “considerably higher electricity rates for decades to come,” said the letter signed by four senators and 32 House members.

The central government has $2.2 billion more than projected, raising hopes that bondholder losses may be mitigated.

U.S. Justice Department responds to hedge funds seeking reimbursement for Oversight Board impairments to bonds.