Rep. Rob Bishop says Puerto Rico’s ‘credibility gap’ challenges $94 billion request for aid

“The Puerto Rico Electric Power Authority (PREPA), the bankrupt, state-run power utility, contributes to $9 billion of that debt” writes Josh Siegel for Ricardo Rossello on Tuesday, called for the island’s independent financial oversight board to play a strong role in recovery, especially with helping to restore its destroyed power grid.Natalie Jaresko, the executive director of the oversight board, had asked Congress for even more power when she testified to the House Natural Resources Committee earlier this month.She said Congress should make federal aid to the island contingent on reaffirming the board’s authority.

Share This:

Related posts