Puerto Rico Electric Says Not Enough Cash for Debt Payments

  • Congress on Tuesday focused on energy, not full fiscal crisis
  • Utility has reached a restructuring pact on $8.2 billion

Puerto Rico’s main electricity provider can’t pay $1.13 billion due to creditors between now and July 1 without approval of a unprecedented debt-restructuring agreement that was reached at the end of December, Lisa Donahue, the agency’s chief restructuring officer, told a committee of U.S. lawmakers.

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