Puerto Rico

The Puerto Rico Electric Power Authority has released a restructuring progress report that said PREPA is taking steps to improve bill collections and is assessing possible changes to its rates.

The Puerto Rico Electric Power Authority said a recently completed business plan had no layoffs but declined to otherwise divulge its contents.

In November Puerto Rico General Fund revenues came in 0.7% short of budget, while the commonwealth's sales and use taxes came in 9.5% above November 2013.

Puerto Rico Governor Alejandro García Padilla announced that he will sign a bill to increase oil taxes to support the commonwealth's Government Development Bank for Puerto Rico and the Highway and Transportation Authority.

Puerto Rico Gov. Alejandro García Padilla has not yet decided whether he will sign oil tax rise legislation approved by the legislature that would support the Puerto Rico Highways and Transportation Authority.

Net revenues of the Puerto Rico Aqueduct and Sewer Authority came in 6.7% ahead of budget in the first quarter of fiscal 2015.

Puerto Rico's Senate approved tax hikes on imported oil Wednesday evening, taking Puerto Rico another step towards issuing a $2.9 billion bond.

The House on Wednesday passed a bill that would extend through the end of the year expired tax provisions known as "extenders," several of which relate to bonds, state and local taxes and Puerto Rico.

On Wednesday morning the FBI arrested an official in the Puerto Rico Highways and Transportation Authority.

The Puerto Rico House of Representatives is expected to approve a hike on imported oil Tuesday for the Puerto Rico Highways and Transportation Authority.