Puerto Rico Utility Judge Summons Parties On Stalled Debt Talks

The federal judge overseeing the nearly six-year bankruptcy of Puerto Rico’s electric utility ordered the parties to appear before her to explain why they’ve failed to restart mediation or deliver a schedule for resuming such talks.

Puerto Rico’s Electric Power Authority, called Prepa, and an ad hoc group of bondholders must go before US District Court Judge Laura Taylor Swain on Monday for an urgent status conference regarding “the parties’ apparent lack of meaningful engagement in the mediation process,” Swain wrote in a court order Wednesday.

Swain may cancel the conference if the parties file by Sunday a mediation ...