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Congresswoman Nydia Velazquez

Representing the 7th District of New York


Velazquez on Title III and PREPA

Velázquez on Title III and PREPA
June 30, 2017
Press Release

Washington, DC – Rep. Nydia M. Velázquez (D-NY) released the following statement regarding news that Puerto Rico’s Financial Oversight Board voted unanimously to enter into Title III for the Puerto Rico Electric Power Authority (PREPA):

            “The Board’s decision is the right one and it is further evidence that it can act in the best interests of the Puerto Rican people. This decision will ensure electric rates do not skyrocket for Puerto Rico’s residents and local businesses and allow for an orderly and just restructuring of the utility’s debts.  The fact that the Board reached this decision unanimously underscores how necessary this step was and I commend the Board for taking it.”

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