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Puerto Rico Electric Power Authority (PREPA)

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[ad name=”HTML-68″] WASHINGTON — Power restoration remains the No. 1 priority in Hurricane Maria-ravaged Virgin Islands and Puerto Rico, Defense Department spokesman Army Lt. Col Jamie Davis said Friday. DoD is responding to the islands with about 11,400 active duty and National Guard service members, he said. The U.S. Army Corps of Engineers is

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SAN JUAN — Puerto Rico’s financial oversight board voted today to allow the PREPA power utility to restructure its $9 billion debt load through a form of bankruptcy, potentially heralding a messy end to three years of arduous out-of-court talks. The seven-member board unanimously authorized a bankruptcy filing at a

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SAN JUAN — The chairman of the U.S. congressional committee that oversees Puerto Rico on Thursday said the bankrupt island’s federal oversight board was dragging its feet on approving a $9 billion power utility restructuring. Utah Republican Rob Bishop, who chairs the U.S. House Committee on Natural Resources, said the

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SAN JUAN — The owner of Puerto Rico’s biggest oil supplier was accused today of misappropriating $11 million in public funds from the largest U.S. public power utility amid a dire economic crisis. Jose Gonzalez Amador and his company, PetroWest, face 46 criminal charges. They are alleged to have charged the heavily

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