CEO of Puerto Rico's bankrupt power company abruptly resigns
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July 12, 2018
SAN JUAN, Puerto Rico (AP) — The CEO of Puerto Rico's bankrupt power company resigned on Wednesday just months after he was chosen to oversee its privatization as the U.S. territory struggles to restore electricity to the last of those who remain in the dark nearly 10 months after Hurricane Maria.
The resignation of Walter Higgins adds to challenges for a company that is $9 billion in debt and has seen a turnover of leaders since the Category 4 storm hit Puerto Rico.
Higgins was named CEO of Puerto Rico's Electric Power Authority in late March and was expected to help strengthen the power grid...
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