March 21, 2018 Read More →

Congressional Investigation Into Corruption and Mismanagement at Puerto Rico Electric Power Authority

CNBC:

Complicating the recovery efforts further have been recent allegations of rampant corruption and mismanagement in the power restoration process against Puerto Rico’s Electric Power Authority. The House Committee on Natural Resources announced last week that it is conducting an investigation into the allegations as part of its oversight process.

“The latest allegations of corruption and mismanagement raise serious questions regarding PREPA’s internal controls and ability to completely manage power restoration in Puerto Rico,” Rep. Rob Bishop, the chairman of the House committee, wrote in a letter to PREPA’s interim executive director.

“Billions of taxpayer dollars are pledged to help Puerto Rico, but a lack of faith in Puerto Rico’s institutions remains a major barrier to recovery,” the letter said.

The committee has asked PREPA to preserve all records, documents, data and communications of any kind, regardless of format, that relate to or refer to “any allegations that PREPA employees, officials, or contractors demanded or received bribes, gifts, or improper consideration of any kind in exchange for restoring power to businesses, residences, or government agencies and municipalities.”

PREPA’s officials were given a deadline of no later than 5:00 p.m. ET on March 26 to respond to the committee’s inquiries.

More: Six months since Maria hit, frustrating progress on restoring Puerto Rico’s power

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