Puerto Rico’s federally imposed financial oversight board is planning to install an emergency manager to take control of the daily operations of the Puerto Rico Electric Power Authority. On Wednesday, the board said it plans to appoint retired Air Force Colonel Noel Zamot to run Puerto Rico’s power company, which is currently the largest publicly owned power utility in the United States. This comes after revelations that the tiny Montana firm Whitefish Energy won a $300 million contract to rebuild the grid. Whitefish Energy is linked to Interior Secretary Ryan Zinke. The company is backed by the private equity firm HBC Investments, whose founder was a Trump campaign donor.
Puerto Rico’s Control Board to Impose Emergency Manager to Run Energy Company
HeadlineOct 26, 2017