Puerto Rico received $7 billion in American Recovery and Reinvestment Act funds in 2009, but failed to create and retain jobs and renovate infrastructure as they were supposed to because hundreds of millions of dollars were used to cover the operational deficiencies of a handful of government agencies.
The Puerto Rico Electric Power Authority needs to undergo profound changes to improve its fiscal situation and consumer services, something that could happen under the supervision of an external, independent regulatory board, members of the Center for a New Economy think tank said Tuesday.
The central town of Adjuntas has joined the renewable energy wave, investing $1.2 million to install solar panels atop municipal buildings and spur residential weatherization initiatives, town officials said Thursday.
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