The Puerto Rico Electric Power Authority (PREPA) should outsource collections of inactive accounts, overhaul its customer collection practices and cutoff service to public corporations which are not paying, according to a report prepared by FTI consulting released on Monday.
The report was the first of three studies commissioned as part as a restructuring of PREPA's business that was agreed upon in a forbearance agreement with bondholders. The restructuring could lead to a write down to PREPA's over $9 billion in debt early next year.
(Reporting by Megan Davies, Lisa Lambert and Ed Krudy Editing by W Simon)
Puerto Rico's PREPA urged to improve collections -report
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