The controversial plan to erase Puerto Rico utilitys debt
An effort to erase billions of dollars of debt owed by the Puerto Rico Electric Power Authority, which runs the territory\u2019s rickety power system, is facing pushback. POLITICO\u2019s Gloria Gonzalez breaks down the details of the plan that could bring the utility out of bankruptcy, as well as the criticisms, and why restructuring the utility\u2019s debt is so important to the island\u2019s long-term grid stability. Plus, President Joe Biden is taking executive action to establish a Climate Corps. \n\nFor more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch\n\nAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy\n\nCatherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.\nNirmal Mulaikal is a POLITICO audio host-producer. \nKara Tabor is an audio producer for POLITICO.\nGloria Gonzalez is the deputy energy editor for POLITICO. \nMatt Daily is the energy editor for POLITICO.