PROMESA

The decision, when issued, could have implications for other Puerto Rico bond restructurings.

The court has left in place its decision affirming the bondholders lien on net revenues.

The continued delay in resolving the case raises constitutional concerns, a bondholder attorney said.

Calling it a "tragedy" for residents, without a negotiated setllement resolution could be years away, mediators said.

PREPA says it is short on money and Genera's parent company has said it may go out of business.

After losing its first appeal, the Puerto Rico Oversight Board initiated a second appeal with the First Circuit Court of Appeals.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

Some analysts question how much a leftist governor would impact financial and bond issues.

Oversight Board says the non-consenting bondholders ideas are "not a proposal."

Puerto Rico's electric reliability is likely to continue to deteriorate without access to the capital markets, the investors said.