finance.yahoo.com / Yahoo! Finance
npub1vap…wc3n
2025-02-13 11:15:19
Author Public Key
npub1vap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aessgrwc3nSeen on
wss://relay.nostr.bandPublished at
2025-02-13 11:15:19Event JSON
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"Board rejects rate increase to help restructure debt of Puerto Rico power company"
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"The executive director of the federal control board, Robert Mujica Jr., unveiled a new fiscal plan for Puerto Rico's Electric Power Authority, stating that the government can pay creditors $2.6 billion. The plan does not call for any rate increases to help pay off the company's debt of more than $9 billion. Mujica warned that if the government agreed to bondholder demands, it would mean an electric rate increase of up to eight cents that Puerto Ricans cannot afford."
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