Puerto Rico's power company faces a $9bn debt and a federal court hearing on a debt-restructuring plan.
Puerto Rico's power company faces a massive $9bn debt, leading to a key hearing in federal court. The hearing focuses on a proposed debt-restructuring plan, which comes seven years after the island's government filed the largest US municipal bankruptcy due to inability to pay its $73bn debt. The power company's debt has resulted in high power bills and protests outside the courthouse fearing increased costs of living in the US territory.
March 04, 2024
16 Articles