Tuesday, August 9, 2016

Debt Restructuring Deal For Puerto Rico Power Authority Will Not Restore Agency To Financial Health

“Electricity rates are already too high in Puerto Rico,” Sanzillo said. “For PREPA to achieve true financial stability, bondholders must accept a more significant reduction in principal, and the agency must adopt sound, auditable financial practices.”

IEEFA Report: Debt Restructuring Deal for Puerto Rico Power Authority Will Not Restore Agency to Financial Health Flaws Will Result in High Electricity Rates, Burden an Already Ailing Economy, and Prevent the Development of Renewables CLEVELAND, Aug. 4, 2016 (IEEFA.org) — The Institute for Energy Economics and Financial Analysis published a report today warning of serious…

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