The Federal Bureau of Investigation is investigating a decision by Puerto Rico’s power authority to award a $300 million contract to a tiny Montana energy firm to rebuild electrical infrastructure damaged in Hurricane Maria, the Wall Street Journal reported today.
Puerto Rico in Distress
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Puerto Rico’s government power company said on Sunday it will cancel a $300 million contract with a tiny Montana company to restore power to the storm-hit U.S. territory after an uproar over the deal, Reuters reported today.
An informal survey by Puerto Rico’s Chamber of Food Marketing, Industry and Distribution of 15 of its members found that there are roughly 1,400 containers of their provisions sitting in U.S. ports, waiting to be shipped to Puerto Rico, according to a commentary in today’s Wall Street Journal.
A U.S. congressional committee yesterday set a Nov. 2 deadline for the Puerto Rico Electric Power Authority (PREPA) to provide information related to its $300 million contract with a small Montana firm to repair damage to the utility’s infrastructure caused by Hurricane Maria, Reuters reported.
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The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.