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The electrical generator provides about 21% of the Puerto Rico Electric Power Authority's electricity and the default's impact on PREPA and PREPA's bankruptcy remain to be seen.
June 2 -
The city north of Detroit says it can't afford to make good on a $24 million debt owed to the Great Lakes Water Authority and in the absence of state help has raised state-approved bankruptcy as an option.
May 5 -
Increasing electric rates to pay the debt would lead to economic contraction, a University of Puerto Rico professor said.
May 2 -
The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.
May 1 -
The authority will borrow to pay off its debt at about 50 cents on the dollar.
April 28 -
A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.
April 20 -
Two ratings agencies expect AES Puerto Rico to default on Puerto Rico municipal conduit bonds.
April 17 -
The Southern California Public Power Authority plans to price $700 million in revenue bonds for improvements to a 488-mile power transmission system.
April 13 -
At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.
April 6 -
The authority hopes to have solar and wind provide 30% of the islands' electricity within two years.
March 31