Oversight board says private management of PREPA is required.

U.S. District Judge Laura Taylor Swain By THE STAR STAFF The Financial Oversight and Management Board for Puerto Rico said a legal fight over grid operator LUMA Energy’s contract should not interrupt maintenance, modernization and reconstruction of the island’s power grid or put federal recovery funds at risk, after a U.S. judge sent two lawsuits challenging the agreement back to Puerto Rico courts. The oversight board said privatized management of the Puerto Rico Electric Power Authority’s...

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