Oversight Board files amended Plan of Adjustment for PREPA

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According to the amended PREPA-POA and as El Nuevo D?a anticipated last December, the “hybrid charge” will have a fixed component and a variable component that will be calculated according to the consumption of each household, government entity, and business in Puerto Rico. (Xavier J. Ara?jo Berr?os)

The Fiscal Oversight Board filed yesterday a new Plan of Adjustment for the Puerto Rico Electric Power Authority (PREPA-POA) proposing a deeper cut to bondholders and therefore reducing the “hybrid charge” to pay for the financial reorganization and which will be incorporated into the electric bill for the next three decades.