Puerto Rico’s hurricane-battered electric utility is seeking court approval of $300 million in emergency financing after a federal judge rejected a request for a larger loan opposed by the utility’s bondholders. “Time is of the essence,” lawyers for the U.S. territory’s power provider, known as Prepa, said in court papers filed Friday. “Prepa’s operations are in jeopardy.”Without...

Source: Wall Street Journal February 16, 2018 20:14 UTC