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The die is cast for PREPA: adjustment plan hearings end

Judge Laura Taylor Swain closes the process on the public utility’s plan of adjustment, the largest municipal bankruptcy case in U.S. history

19 de marzo de 2024 - 2:12 PM

Se advirtió que la situación de la AEE es crítica y que podría caer en la insolvencia. (Archivo)
The Plan of Adjustment would reduce the Puerto Rico Electric Power Authority’s (PREPA-POA) obligations by approximately 75%. (Archive)

After 11 days of technical concepts, legal references, and marathon questioning, the Oversight Board asked U.S. District Judge Laura Taylor Swain Monday to approve the Plan of Adjustment that would reduce the Puerto Rico Electric Power Authority’s (PREPA-POA) obligations by approximately 75%.

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