Puerto Rico Electric Power Authority

Title III bankruptcy Judge Laura Taylor Swain ruled that the Puerto Rico Oversight Board didn’t have the power to replace the leader of the Puerto Rico Electric Power Authority.

The Title III Puerto Rico bankruptcy judge will hear arguments Monday on the Puerto Rico Oversight Board’s motion to replace the Puerto Rico Electric Power Authority’s leader.

The chair of the House committee that oversees Puerto Rico said after Hurricane Maria a "stronger mechanism" is needed to ensure Puerto Rico's recovery.

The PREPA bondholder group’s consultant estimated it will cost less than $1 billion to repair the power grid, compared with initial reports of about $5 billion.

Restoring electrical service as quickly as possible is a key to reviving the island’s economy.

The Puerto Rico Oversight Board plans to shorten its fiscal plans to five years from 10 while still seeking structural balance,

The Puerto Rico Oversight Board will discuss revising the commonwealth government’s and its semi-autonomous entities’ fiscal plans Tuesday morning.

The Federal Emergency Management Agency said it has "significant concerns with how PREPA procured this contract and has not confirmed whether the contract prices are reasonable.”

Gov. Ricardo Rosselló called the board’s appointment of Noel Zamot illegal and said the Puerto Rico government would challenge it.

Judge Laura Taylor Swain promised to release Wednesday a consensus-based order on the legal status of Puerto Rico’s post-hurricane federal aid.