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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 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 ...
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In its filing with the U.S. Bankruptcy Court for the District of Delaware, Tupperware listed assets of between $500 million and $1 billion and liabilities of between $1 billion and $10 billion.
By Jill Krasny Robert Kiyosaki, author of the bestselling "Rich Dad, Poor Dad" series, has filed for Chapter 7 bankruptcy protection after losing a nearly $24 million court judgment to The ...
Effects of Hurricane Maria in Puerto Rico. Between September 19–21, 2017, Hurricane Maria devastated the entire island of Puerto Rico and caused a major humanitarian crisis. Originally as a powerful Category 5 hurricane, Maria was the strongest storm to impact the island in nearly 90 years. Maria made landfall on Puerto Rico on September 20 ...
Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees ...