"Puerto Rico’s financial oversight board is moving to install an emergency manager at the island’s state-owned utility amid criticism of a $300 million contract it awarded to a small Montana energy firm for work on the territory’s crippled electrical grid.
The board said Wednesday that it intends to appoint Noel Zamot, a retired Air Force colonel and member of the oversight panel, to oversee daily operations of the Puerto Rico Electric Power Authority.
The decision comes as House and Senate Democrats called for an investigation into the utility’s agreement with Whitefish Energy. Sen. Lisa Murkowski (R-Alaska) pledged to examine the grid-rebuilding efforts at an upcoming hearing of the Committee on Energy and Natural Resources, which she chairs. San Juan Mayor Carmen Yulín Cruz on Tuesday told Yahoo News that the contract should be 'voided right away.'"