Puerto Rico Governor Ricardo Rosselló criticized the work of the U.S. Army Corps of Engineers in returning electricity to the island, saying that he was “unsatisfied” with the agency for a lack of urgency he believes has delayed the process, Reuters reported. The Army Corps was tasked with overseeing power repairs in Puerto Rico about a week after the U.S.
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The federal board overseeing Puerto Rico’s finances yesterday asked the bankrupt U.S. territory to submit a new fiscal turnaround plan by Dec. 22, taking into account damage caused by Hurricane Maria, Reuters reported. Speaking at the board’s public meeting in San Juan, Executive Director Natalie Jaresko said the board would approve or reject the revised draft by Jan. 12.
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’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.
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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.