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Puerto Rico power company gives T&D reins to private firms
Read full article: Puerto Rico power company gives T&D reins to private firmsYou have a titanic challenge before you, said Omar Marrero, executive director of Puerto Ricos Fiscal Agency and Financial Advisory Authority. The contract does not call for an increase in rates, which will require approval by Puerto Ricos Energy Commission, said Fermn Fontans, executive director of Puerto Ricos Public-Private Partnerships Authority. The Electric Power Authority serves 1.47 million clients across Puerto Rico and reports $3.5 billion in customer revenues. The power company has one of the highest debts of any Puerto Rico government agency at more than $9 billion, leading it to declare bankruptcy in 2017. Government officials said power company workers will receive priority and that none will be laid off.
Mexico president kicks off 'new normal' phase amid pandemic
Read full article: Mexico president kicks off 'new normal' phase amid pandemicMexico City Mayor Claudia Sheinbaum urged residents via Twitter on Monday to stay at home if it wasnt absolutely necessary to go out. On his way to Cancun, Lpez Obrador stopped at his ranch in Chiapas state and recorded a video he shared on social networks. I wanted to give you good news, Lpez Obrador said. __Verza reported from Mexico City. AP photojournalist Fernando Llano and videojournalist Gerardo Carrillo in Mexico City and AP writer Ignacio Martnez in San Jos de Los Cabos contributed to this report.