Puerto Rico Electric Power Authority

With a weakened government, the Oversight Board may be emboldened to take more unilateral actions on bond restructuring, analysts said.

This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.

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.

The board and the governor remain about $500 million apart on spending.

Critics pointed to the agreement's failure to lower operating costs and its "very favorable" treatment of Assured Guaranty.

The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.

Democratic representatives hailed the decision, which averts an interruption of the effort to restructure the island's debt.

Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.

A class-action lawsuit alleges four of the world’s largest oil suppliers cheated Puerto Rico's electric utility out of more than $1 billion.

Puerto Rico’s Federal Oversight Board is asking the U.S. Supreme Court to overturn a ruling that deemed its members unconstitutionally appointed.

The Oversight Board in its fiscal plan had projected a 5.06% population drop after the 2017 hurricanes; the Census Bureau found a 3.9% decline.