Puerto Rico cancels nearly $6 billion power contract with Power Expectations

The Puerto Rico Electric Power Authority terminated the agreement after the Fiscal Oversight Board ordered the move and the company failed to post a required bond.

Imani Brooks

Politics Correspondent

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The Puerto Rico Electric Power Authority canceled a nearly $6 billion contract with Power Expectations, leaving the island's electrical service threatened, according to Janisse Quiñones, president of LUMA Energy ^[1].