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Puerto Rico Power Debt Deal | Dover News
Puerto Rico’s federal control board just dropped a bold new deal to settle $10 billion in debt for the island’s power company — offering $3 billion, a massive leap from previous offers — in a bid to finally close the book on a decade-long fiscal crisis. The plan mixes cash and new bonds to pay claimholders, aiming to restore reliable power and attract business. But with no clear funding source yet, fears of higher electricity bills loom — especially as residents already struggle with frequent blackouts. Meanwhile, the board has already resolved 12 other debt packages, wiping out $55 billion…
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