-
The Oversight Board approved the restructuring of PREPA power supplier AES's municipal bonds as arguments begin in the plan of adjustment hearing.
March 5
-
The goverment must address expected fiscal challenges or bond payments after 2031 are in jeopardy.
February 28
-
Extreme weather could aggravate growing property insurance pressures on governments.
February 28
-
U.S. District Judge Laura Taylor Swain said she would consider the motion during a scheduled May 22 bankruptcy hearing.
February 21
-
David Brownstein, who helped Jefferson County, Alabama, and Detroit return to market after bankruptcy, has opened a new firm that is advising the Oversight Board on its plan of adjustment for PREPA.
February 15
-
If the appeals court overrules parts of her decision, Judge Swain said she is "capable of adapting and reacting appropriately."
February 12
-
If the appeals court rules for them, the bond parties say, a new plan of adjustment may be needed.
February 6
-
The court is considering whether the original PREPA trust agreement gave bondholders a lien on all revenues, which they argue should extend beyond the debt restructuring, or only on the money the authority deposited in its reserve fund.
February 1
-
While this appeal was rejected, the panel suggested bondholders could immediately file a new motion for relief.
January 23
-
Bond parties say several parts of the original trust agreement support their lien on the authority's revenues.
January 23
