Puerto Rico Electric Power Authority

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.

All eyes were on the enormous California offering. PREPA bonds have risen this month as investors anticipate a deal to restructure its debt is gaining support.

Assured Guaranty indicated it is interested in reaching a deal on PREPA bonds rather than continuing its quest for a PREPA receiver.

PREPA says it needs federal money to complete the work of rebuilding the commonwealth’s electrical grid following the destruction caused by Hurricanes Maria and Irma, but the Trump administration has been slow to disburse funds already approved by Congress.

The IRS audit of the Puerto Rico Municipal Finance Agency's $59 million in 2005 Series B Refunding Bonds is the third IRS audit of tax-advantaged bonds involving the commonwealth announced over the last six weeks.

Puerto Rico governor signs measure for shift to renewable energy.

The House Natural Resources Committee has scheduled a May 2 hearing to examine the successes and failures of PROMESA.

The Senate on Wednesday debated a $13.45 billion disaster aid bill that would require Puerto Rico to assume a local share of additional FEMA aid rather than the 100% federal share in a bill passed by the House.

As the board wrangles with local officials over the budget, neither the federal courts nor the executive branch have taken action to address a legal challenge to its authority.