Puerto Rico

Oversight Board Executive Director Robert Mujica said the only recently released fiscal 2022 ACFR showed revenues and expenditures continue to be imbalanced.

Judges say PREPA bondholders have a lien on net revenues collected post-bankruptcy.

Resident Commissioner Jenniffer González Colón surprised incumbent Gov. Pedro Pierluisi in the New Progressive Party primary for governor.

The bond parties opposed to the plan of adjustment have already argued the Puerto Rico Oversight Board's electricity projections are too pessimistic, Judge Swain said.

Argument continues over how much PREPA will be able to pay bondholders.

Syncora and GoldenTree Asset Management want an accounting of what happened to PREPA net revenues.

The Oversight Board has given the local government until Tuesday to introduce a bill to revoke or amend a law that would reduce the Puerto Rico Electric Power Authority's revenues.

In the last few weeks projections from LUMA Energy indicate the authority can afford to pay more bond debt, opposing bond parties say.

The extension of the current solar net metering system could lower revenue for the utility.

In question is FAFAA's findings of fact and conclusions of law, which bondholders say was unauthorized.