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The Water and Power Authority got good financial news from the U.S. Federal Emergency Management Agency but bad financial news from a federal court in Puerto Rico.
June 10 -
Falling occupancy figures, staffing shortages, and rising labor costs have elevated the sector's risk, with Greenwich Investment Management's bankruptcy yet another example of how the sector requires thorough credit analysis.
June 4 -
The WAPA board of directors says it is looking for a replacement who would start on July 1, when Andrew Smith says he will depart.
June 3 -
The authority's CEO said it has no money for facilty maintenance.
May 23 -
The governor should have involved the legislature earlier in decision making on how to give the Water and Power Authority money to make a bond payment, lawmakers said.
April 24 -
The state of emergency will let the governor use the central government's rainy-day fund to provide money to WAPA that semi-autonomous agencies of his government owe the authority. WAPA will use the money to make payments to bondholders and other creditors starting Tuesday.
April 22 -
Congress has taken no significant action on bills that would stop the depletion of the United States Virgin Islands' government pension system for 21 months.
April 3 -
Citi's exit comes amid the larger trend of broker-dealers downsizing balance sheets, which can hurt secondary market liquidity, particularly in times of stress. Other market players are coming into the fold.
March 21 -
Governor says the money would be used to get through the slow winter revenue months.
January 11 -
The reserve should have enough to cover bond payments for a year, according to an observer.
December 20