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Congress Demanded to Stop Increase in Electricity Due to ESA Debt
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SAN JUAN – More than 35 organizations from various sectors in Puerto Rico asked the U.S. Congress on Thursday to reject the total payment of $8.3 billion to the bondholders of the Electric Power Authority (EEA) and to support a debt restructuring plan that does not increase electricity tariffs on the island. “Imposing an unpayable debt burden, as a group of bondholders from the EEA insist, will mean that Puerto Rico remains tied to a dysfunction…
More than 40 organizations from the economic, social, religious and professional sectors warned the United States Congress about the consequences of approving a debt restructuring plan of the Electric Power Authority (EEA) that would impose increases in the light rate for decades. In a letter addressed to Congressman Scott Fitzgerald, president of the Subcommittee on the Administrative State, Regulatory Reform and Antitrust of the House of Repre…
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