Puerto Rico Utility Bankruptcy Judge Pushes On as Appeal Looms

The judge overseeing the bankruptcy of Puerto Rico’s Electric Power Authority signaled a preference to let the case proceed even if some bondholders appeal her ruling to limit investors’ claim to $2.38 billion.

US District Court Judge Laura Taylor Swain on Wednesday urged the island’s financial oversight board, manager of the utility’s bankruptcy, to work with creditors to determine procedures and solutions that serve the residents of Puerto Rico.

“There needs to be a future that makes sense for that community,” Swain said during a hearing.

An ad hoc group of bondholders has asked Swain to wait until ...