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prima:PREPA: negotiations should begin “from scratch”

Puerto Rico is at the mercy of crude oil prices due to the war in Ukraine just when the public utility reports the highest deficit in its history

March 13, 2022 - 2:37 PM

Archival note
This content was published more than 3 years ago.
Governor Pedro Pierluisi canceled the Restructuring Support Agreement (RSA) reached with Ad Hoc Group of PREPA and two municipal insurers. (El Nuevo Día)

A day before Governor Pedro Pierluisi canceled the Restructuring Support Agreement (RSA) reached with Ad Hoc Group of Puerto Rico Electric Power Authority (PREPA) and two municipal insurers, the price of a barrel of oil at Cushing, Oklahoma, delivery hub reached about $123.70.

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