In part, PREPA's $9 billion debt is due to unpaid electricity bills from public entities in Puerto Rico.
Liquidity issues around Puerto Rico's power company go back decades. Through Puerto Rico's fiscal agency AAFAF, most PREPA projects get funded through the issuance of bonds. Sharp Black Toner Cartridge (AR-310NT) http://dghd24.com/zmryt/642.html declaring a "state of emergency" around electric power generation, the project was approved and bonds were issued before any public hearings. PREPA had done a study that showed that revenues from Via Verde would be enough to pay back bondholders. "It would have taken, like, five years," said Lopez. after strong opposition from community members and environmentalists. With no project, there was no revenue, but PREPA still had to pay bondholders back as well as the already-hired contractors. Lopez said situations like this have contributed to the utility's debt.
Liquidity issues around Puerto Rico's power company go back decades. Through Puerto Rico's fiscal agency AAFAF, most PREPA projects get funded through the issuance of bonds.
Sharp Black Toner Cartridge (AR-310NT)
http://dghd24.com/zmryt/642.html
declaring a "state of emergency" around electric power generation, the project was approved and bonds were issued before any public hearings.
PREPA had done a study that showed that revenues from Via Verde would be enough to pay back bondholders. "It would have taken, like, five years," said Lopez.
after strong opposition from community members and environmentalists. With no project, there was no revenue, but PREPA still had to pay bondholders back as well as the already-hired contractors. Lopez said situations like this have contributed to the utility's debt.