The U.S. House of Representatives Committee on Natural Resources sent a letter to the interim executive director of the Puerto Rico Electric Power Authority (PREPA) asking for further information related to recent allegations of corruption and mismanagement of power restoration operations on the island.
During his second State of the Commonwealth address since taking office, Puerto Rico Gov. Ricardo announced a new tax model to phase out the Business to Business (B2B) and plans to cut the Sales and Use Tax on processed foods from 11.5 percent to 7 percent.
Starting Feb. 18, PREPA will begin a ramp down of select generation units.