U.S. lawmaker troubled Puerto Rico board slow to approve $9 billion power deal

June 15, 2017 By Nick Brown (Reuters) – The chairman of the U.S. congressional committee that oversees Puerto Rico on Thursday said the bankrupt island’s federal oversight board was dragging its feet on approving a $9 billion power utility restructuring. Utah Republican Rob Bishop, who chairs the U.S. House Committee on Natural Resources, said the board’s inaction was “troubling” in a letter to board Chairman Jose Carrion, adding that the debt restructuring at Puerto Rico’s power authority, PREPA, was already green-lit by Congress. Bishop’s gripe is over a deal struck…

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