PUERTO RICO ELECTRIC POWER AUTHORITY

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Case overview

Case Number:

3:17-bk-04780

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

February 28, 2025
Under The Radar: Bankruptcy News You May Have Missed

The licensing arm of Universal Studios objected to a Party City asset sale, bondholders urged a judge to lift a stay on outside litigation in the Puerto Rico Electric Power Authority's restructuring case, and a satellite service provider asked a court to dismiss an adversary suit brought by debtor Ligado Networks. These are some of the bankruptcy stories you may have missed in the last week.
September 27, 2024
Puerto Rico Utility Creditors Seek OK For Bond Claims Suit

Representatives of the Puerto Rico Electric Power Authority's unsecured creditors are asking a New York federal judge to allow them to contest what they say is the wrongful lumping of $8.4 billion in bondholder claims with their own claims against the utility.
July 26, 2024
Puerto Rico Fiscal Board Sues To Stop Solar Panel Bill

The Financial Oversight and Management Board for Puerto Rico on Friday sued Gov. Pedro R. Pierluisi to nullify a law extending a program which reduces the cost of solar panels for Puerto Rican households, calling it legislative interference with the island's energy regulator.
July 10, 2024
Judge Urges Deal On Puerto Rico Utility Bond Claims

The judge overseeing the restructuring of Puerto Rico's electric utility on Wednesday asked the island's fiscal board and bondholders to prove wrong a court-appointed mediator's gloomy assessment on the prospects for compromise on disputes over bond claims.
June 20, 2024
Puerto Rico May See Higher Utility Rates After 1st Circ. Ruling

Puerto Ricans may be looking at higher power costs as the island's electric utility is forced to adjust its restructuring plans in the wake of a First Circuit finding that bondholders have a claim on the utility's revenues.
March 04, 2024
Puerto Rico Fiscal Board Argues For Utility Reorg Plan

Puerto Rico's fiscal oversight board told a federal judge on Monday that it had the only plan to save the island's troubled electric utility, while bondholders claimed the board had created the plan specifically to shortchange them.
October 13, 2023
Puerto Rico Business Group Calls PREPA Plan Unviable

A Puerto Rican business group asked a federal judge to reject the disclosure statement of the Puerto Rico Electric Power Authority's reorganization plan Friday, saying its rate hikes are unfair and economically unviable.
September 05, 2023
Puerto Rico Board Files Settlement With Electric Bond Holders

Puerto Rico's fiscal management board has filed the restructuring support agreement it reached with holders of Puerto Rico Electric Power Authority bonds included in its revised restructuring plan for the utility.
July 14, 2023
Puerto Rico Fiscal Board Says Deal Possible On Utility Bonds

A New York federal judge has given Puerto Rico's fiscal oversight board two more weeks to file a restructuring plan for the island's electric utility after the board said it has prospects of a deal with the utility's bondholders.
June 27, 2023
Puerto Rico Utility Bondholders' Claim Estimated At $2.4B

A New York federal judge has found the holders of $8 billion in bonds issued by Puerto Rico's electric utility have just under $2.4 billion in claims against the utility's future revenue, saying she was unconvinced the bonds could ever be fully repaid.

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