Puerto Rico Tries to Save PREPA Once More
After the Federal Judge Besosa held that “[t]he Commonwealth defendants, and their successors in office, are permanently enjoined from enforcing the Recovery Act,” one would think it was over except...
View ArticlePuerto Rico trata de Salvar la AEE Nuevamente
Después de la decisión del Juez Federal Francisco Besosa donde dijo que “[t]he Commonwealth defendants, and their successors in office, are permanently enjoined from enforcing the Recovery Act,” uno...
View ArticleMI participación en Mirador Mundial 7 de Febrero 2015 CNN en Español
Filed under: AEE, PREPA, Quiebra Criolla, Quiebra PR Tagged: AEE, PREPA, QUIEBRACRIOLLA, quiebrapr
View ArticleAEE y Quiebra
Aunque se estuvo rumorando por semanas, el viernes Lisa Donahue lo hizo oficial; la Autoridad de Energía Eléctrica no va a entregar a los bonistas el “proposed recovery program or debt enforcement...
View ArticlePREPA’S FUTURE
This past week was an incredible whirlwind for PREPA. The Forbearance agreement with bondholders required PREPA to provide a business plan by December 15, 2014 and a “recovery program or debt...
View ArticleLA AEE Y SU PLAN DE RESTRUCTURACION
El lunes 1ro de junio de 2015, la AEE tiene que entregar a los forbearing bondholders (60% de todos los bonistas y los bancos a quien se les debe casi $700 en líneas de crédito que se vencieron en...
View ArticleLA COMISION DE ENERGIA Y CAMBIO EN LA TARIFA
El viernes 29 de mayo de 2015, la Comisión de Energía de PR emitió un First Order on Rate Case Proceeding. En la misma indica que “the Commission initiates this proceeding to establish just and...
View ArticlePerception is Everything
The media has told us that PREPA has made a deal with Free Point Commodities, LLC, to buy fuel for its plants. It is clear from PREPA’s press release, that this contract was obtained through...
View ArticlePERCEPTION IS EVERYTHING PART III, YET ANOTHER IMPORTANT UPDATE
Someone, who shall remain nameless, sent me an email mentioning the name of David J. Wermuth. Upon a short internet search, I found out he is a Senior Principal and the General Counsel of Stone Point...
View ArticleEl Acuerdo de Bonistas de la AEE
El acuerdo del Ad Hoc Group (que posee aproximadamente el 35% de los bonos en circulación de la AEE) con la AEE conlleva lo siguiente: El Grupo Ad Hoc de bonistas intercambiará todos sus bonos de...
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