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Possible to Lower Energy Bill by One Cent Under PROMESA
PREPA would have to invoke Title VI, which cuts back 15% from all its creditors.
Archival note
This content was published more than 7 years ago.
PREPA would have to invoke Title VI, which cuts back 15% from all its creditors.
If PREPA invokes Title VI of PROMESA and implements a 15% reduction on the principal balance for all its creditors, the public corporation could save one cent per kilowatt-hour (kWh) in the energy bills its clients receive.
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