Puerto Rico Utility Wants To Drop Union Contracts, Pension

Puerto Rico Utility Wants To Drop Union Contracts, Pension <https://www.law360.com/governmentcontracts/articles/1782254?nl_pk=4126fe73-80ab-4e63-b526-ca8152f5c881&utm_source=newsletter&utm_medium=email&utm_campaign=governmentcontracts&utm_content=2024-01-05&read_main=1&nlsidx=0&nlaidx=9> By Emily Lever The board overseeing Puerto Rico Electric Power Authority's reorganization is urging a federal judge to allow the utility to ditch its collective bargaining agreements with workers as well as pension obligations, saying the company has no way of making up the purported $1 billion payment shortfall in the current retirement plan. Motion attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1782254?nl_pk=4126fe73-80ab-4e63-b526-ca8152f5c881&utm_source=newsletter&utm_medium=email&utm_campaign=governmentcontracts&utm_content=2024-01-05&read_more=1&nlsidx=0&nlaidx=9> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1782254?nl_pk=4126fe73-80ab-4e63-b526-ca8152f5c881&utm_source=newsletter&utm_medium=email&utm_campaign=governmentcontracts&utm_content=2024-01-05&read_later=1&nlsidx=0&nlaidx=9>
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Gunnar Larson