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The Puerto Rico Electric Power Authority (PREPA; Spanish: AEE) Is an electric power company owned by the Commonwealth of Puerto Rico responsible for electricity generation, power distribution, and power transmission on the island. [1] PREPA was the only entity authorized to conduct such business in Puerto Rico, making it a government monopoly ...
The Puerto Rican government-debt crisis was a financial crisis affecting the government of Puerto Rico. [a] The crisis began in 2014 when three major credit agencies downgraded several bond issues by Puerto Rico to "junk status" after the government was unable to demonstrate that it could pay its debt. The downgrades, in turn, prevented the ...
The Public Readiness and Emergency Preparedness Act (PREPA), passed by the United States Congress and signed into law by President of the United States George W. Bush in December 2005 (as part of Pub. L. Tooltip Public Law (United States) 109–148 (text)), is a controversial tort liability shield intended to protect pharmaceutical manufacturers from financial risk in the event of a declared ...
The company is a joint venture between Houston company Quanta Services Inc. and Alberta, Canada company ATCO. [3][6][2] Both companies have an equal share in LUMA, which was built with the express purpose of managing Puerto Rico's power grid. [1][8] LUMA Energy is currently presided by CEO Wayne Stensby. [3][9] The contract under which LUMA ...
President Joe Biden's plan to forgive up to $20,000 in federal student loan debt per borrower could soon reach endgame if the U.S. Supreme Court rules against the plan this month, as many predict.
A bankruptcy petition preparer is a person who is not an attorney or an employee of an attorneys who prepares a document for filing in the United States Bankruptcy Court for another person. Bankruptcy petition preparers are authorized in the bankruptcy code under 11 U.S.C. §110, [1] but are limited in the services that they provide direct to ...
e. A Proof of claim in bankruptcy, in United States bankruptcy law, is a document filed with the Court so as to register a claim against the assets of the bankruptcy estate. The claim sets out the amount that is owed to the creditor as of the date of the bankruptcy filing and, if relevant, any priority status. Although a document called a Claim ...
December 4, 2023 at 2:43 AM. The U.S. Supreme Court will hear oral arguments Monday in Harrington v. Purdue Pharma to determine whether a bankruptcy court can discharge claims against a party that ...