Puerto Rico in Distress

ABI Analysis

Puerto Rico’s power company didn’t follow its lawyers’ advice when it agreed to a $300 million grid-construction contract with Whitefish Energy Holdings LLC, according to documents released by a House committee probing the now-canceled deal, WSJ Pro Bankruptcy reported.

Puerto Rico’s governor won a decisive court victory that could boost his role in shaping the island’s financial recovery as he seeks $94 billion in federal aid to pay for the devastating damage dealt by the September hurricane, Bloomberg News reported. A federal judge struck down a request by the U.S.

A transmission line failure yesterday left thousands in Puerto Rico without power, just after areas had finally seen a restoration of electricity following Puerto Rico's blackout after Hurricane Maria, NBCNews.com reported.

Hundreds of Puerto Rican students have resettled on college campuses across the mainland U.S. in recent weeks — and many more are considering leaving the island territory in the spring — grateful for the opportunity to resume their studies in the wake of Hurricane Maria, the Wall Street Journal reported today.

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