NEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria.
As Puerto Rico struggles with near total destruction of its power distribution grid from last weeks storm, the government released a new point-by-point critique of the offers terms to the utility, while calling the groups arguments in favor of the loan self-serving.
Hurricane Maria knocked out power to the U.S. territorys 3.4 million residents and left the Puerto Rico Electric Power Authority (PREPA), which declared bankruptcy in July, scrambling to complete damage assessment…
Read the full article at: https://www.reuters.com/article/us-usa-puertorico-prepa/puerto-rico-lashes-out-again-at-utility-creditors-loan-offer-idUSKCN1C4367
