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Puerto Rico Fiscal Board Proposes $4.3B Utility Reorg Plan

By Rick Archer ( February 10, 2023, 4:31 PM EST) -- Puerto Rico's fiscal oversight board has filed a reorganization plan for the island's electric utility that it says will trim $4. 3 billion in debt with bondholder settlements and claim limits while paying off the remaining $5. 7 billion in debt over the next 35 years with an electric rate surcharge. . . .

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