Puerto Rico Electric Power Authority

Jaresko on Monday cited the almost universal dissatisfaction with the board as proof that it was doing its job.

The 2016 law is under fire from bond holders over the Oversight Board's failure to provide enough money for debt service and from local politicians over the board's efforts to impose fiscal austerity.

The board says that the governor appears to be deviating from the approved budget.

The court rejected giving a full hearing less than a week after a request was made to it to do so.

The electrical workers union wants the court to undo the board's actions since Aug. 7, 2017, in addition to declaring the board's appointments unconstitutional.

The federal tax issue that is at stake in both audits involve the federal payments for the direct-pay subsidy.

Muni buyers scrambled to snatch up the last of this week’s new issues on Thursday.

Oversight Board members are also asking for a stay on an appeal's court mid-May cutoff for their powers.

The December index value was down 0.7% from November.

The ruling may benefit bondholders, though an appeal and political wrangling over Oversight Board appointments threaten to prolong the uncertainty.

The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.

Ruling may lead to the requirement to pay interest on the bonds despite the Employees Retirement System bankruptcy.

Traditional bond buyers are going back to Puerto Rico.

Judge Susan Braden had said she was inclined to hold the U.S. government responsible for impairments to Employees Retirement System bonds.

One economist attributes the decline to the reduced flow of federal hurricane aid.

The economy and several pending court cases may also determine the progress of the historic debt restructuring in 2019.

The board's adversary proceeding has implications for both the authority’s bonds and the finances of the many Puerto Rico government entities that pay rent to the PBA.

The census figure discrepancy highlights the likelihood of revisions to the fiscal plan governing repayment of the territory's debt.

HJ Sims Managing Director German Ramirez and Senior Vice President Richard Prann focus in on the latest developments in Puerto Rico. They talk about what’s been happening with PREPA, COFINA and the GDB -- and discuss implications this may have for bondholders. Chip Barnett hosts.

Puerto Rico's power authority won plaudits for attracting bids for its grid and scrapping a potentially costly gas plant.