There's a Shady Puerto Rico Contract You Didn't Hear About

FEMA granted a $200 million contract to Cobra Acquisitions, a subsidiary of an Oklahoma fossil fuels company that was created this year.

Nearly a third of the island’s generating capacity, meanwhile, came from natural gas, and PREPA’s plan for 2035 includes the construction of a $400 million liquid natural gas import terminal. Currently, all signs point to PREPA rebuilding its energy system back to the pre-storm status quo — or worse.