Puerto Rico in Distress

ABI Analysis

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.

The House Natural Resources Committee will be holding an oversight hearing today at 10 a.m. ET titled "Examining Challenges in Puerto Rico's Recovery and the Role of the Financial Oversight and Management Board." Click here for the witness list and prepared testimony.

Bondholders of Puerto Rico’s bankrupt power utility, PREPA, said on Friday that the damage to the local electric grid by Hurricane Maria is not as bad as the island’s government says, and could be fixed quickly with an outside energy expert in charge, Reuters reported. The PREPA bondholders made the argument in a written filing in federal court in San Juan.