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 in Distress
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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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This wiki is a repository for members of the U.S. Congress, other policy makers, academics, investors, the media and the general public to understand the challenges facing Puerto Rico in 2016 and to provide data and information to begin crafting long term sustainable solutions. Click here to view.