Ads
related to: prepa bankruptcy
Search results
Results From The WOW.Com Content Network
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 ...
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 ...
The Puerto Rico Electric Power Authority (PREPA), whose debt had already reached $9 billion before the hurricanes, eventually filed for bankruptcy. Furthermore, the company has lost 30 percent of its employees since 2012.
PREPA struggled with increasing debt, reaching $9 billion before the hurricanes prompting them to file for bankruptcy. Furthermore, the company reduced its staffing by 30 percent since 2012. [ 6 ] Alongside being outdated, the electrical infrastructure was built largely above ground and exposed to the direct effects of hurricanes.
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 ...
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 ...