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Puerto Rico utility wins one more week to draft rate proposal

Bloomberg Puerto Rico gained another week to file a proposed rate charge to the island’s energy commission, a fee that would back debt used to restructure about $9 billion owed by its main electric utility. Puerto Rico Electric Power Authority creditors agreed to give officials until March 30 to submit their petition to implement a new customer fee, called a ...

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TransCanada joins with JPMorgan on asset sale

Bloomberg TransCanada Corp. is working with JPMorgan Chase & Co. to find buyers for more than $7 billion in assets to help finance its acquisition of Columbia Pipeline Group Inc., people with knowledge of the matter said. The people asked not to be identified because the information is private. Assets for sale include a portfolio of U.S. Northeast merchant power ...

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Brazil currency leads LatAm losses on political woes

Sao Paulo / Reuters Brazil’s currency led losses in Latin American markets on concerns that a political crisis threatening President Dilma Rousseff may drag on longer than expected, while the central bank moved to weaken the real for a third straight day. Latin American currencies weakened as traders reconsidered their bets on U.S. monetary policy after Federal Reserve policymakers encouraged ...

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