Puerto Rico Cancelling Controversial $300 Million Energy Contract

Oct 29, 2017 - Time Magazine
Board and Executive Moves

SAN JUAN, Puerto Rico — The head of Puerto Rico’s power company said Sunday the agency will cancel its $300 million contract with Whitefish Energy Holdings amid increased scrutiny of the tiny Montana company’s role in restoring the island’s power system following Hurricane Maria.

The announcement by Ricardo Ramos came hours after Gov. Ricardo Rossello urged the company to scrap the deal.

Ramos said that Whitefish will continue with current work, but the contract would then be...