Skip to content

Puerto Rico Power Utility Takes More Time to Reach Debt Deal

  • Prepa and its creditors have through Sept. 9 to negotiate
  • Power utility seeks to restructure $9 billion of debt
Utility poles in the La Perla neighborhood of San Juan, Puerto Rico, on Aug. 9.

Utility poles in the La Perla neighborhood of San Juan, Puerto Rico, on Aug. 9.

Photographer: Jonathan Alpeyrie/Bloomberg

Puerto Rico’s Electric Power Authority and its creditors will keep negotiating through Sept. 9 to strike a potential deal to reduce $9 billion of debt.

A mediation team that manages the debt talks said it needs more time beyond an Aug. 15 deadline for discussions, according to a court filing Monday.