Puerto Rico Telephone Co., which does business as Claro Puerto Rico, has asked the Federal Communications Commission to create $200 million emergency Universal Service Fund to help eligible companies restore services in insular areas affected by Hurricanes Irma and María.
Puerto Rico Gov. Ricardo Rosselló announced his administration will begin the privatization of the Puerto Rico Electric Power Authority (PREPA), which he described as “a deficient and obsolete system of generation and distribution of energy on the island that was evident to citizens during the aftermath of Hurricane María.”
Walmart and The Miami Foundation announced $4.9 million in grants to Mercy Corps to support Puerto Rico relief and recovery efforts in the continued aftermath of Hurricanes Irma and María.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
