Puerto Rico Electric Power Authority bondholders can expect to recover about 35 percent of their investments due to the business disruption and costs, as well as lost revenues related to damage caused by Hurricanes Irma and María, Moody’s Investors Service predicted in a report released Thursday.
The Puerto Rico Electric Power Authority (PREPA) announced Wednesday the names of 11 utility industry leaders who will serve as founding members of PREPA’s Transformation Advisory Council (TAC).
Florida Power & Light Company announced that a 10-person team of restoration experts traveled to Puerto Rico this past weekend to support ongoing restoration efforts across the Commonwealth.