On the recordFebruary 24, 2016
We need to make sure that Puerto Rico has the necessary access to the markets to comply with its payment obligations in the markets.
Source
congress.govWe need to make sure that Puerto Rico has the necessary access to the markets to comply with its payment obligations in the markets.
Emphasizing the importance of market access for Puerto Rico's financial obligations.
Share
More from Pedro Pierluisi
I thank you for favorably reporting H.R. 8393 out of this Committee and urge Congress to approve it.
We need to do public-private partnerships for both transmission and distribution and generation, and actually split the two so that there is no monopoly in Puerto Rico.
For about 3 years, the spending that happened in Puerto Rico was emergency spending by FEMA.
The 15-year contract provides a payment methodology that includes either bonuses or penalties, depending on compliance with the metrics.