SAN JUAN, Puerto Rico — — A federal judge on Wednesday ordered a fresh round of mediation talks aimed at restructuring more than $8 billion in debt held by Puerto Rico’s power company as it struggles to recover from Hurricane Fiona.
The board also was ordered to file a debt-restructuring plan for the island’s Electric Power Authority by Dec. 1, with a confirmation hearing scheduled for mid-2023. “It is totally unacceptable,” said Manuel Calderón Cerame, spokesman for the main opposition Popular Democratic Party.
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