Two days after signing a $5.89 billion contract for temporary power generation, Power Expectations transferred Enchanted Rock's stake in the deal to a new company, Flotek Industries, without informing Puerto Rico's Electric Power Authority (AEE) or the Financial Oversight and Management Board (JSF), according to the Board's executive director, Robert F. Mujica.
The disclosure raises questions about oversight of the multimillion-dollar contract intended to provide temporary electricity generation for the island. Mujica revealed the change on Monday, but the article does not provide further detail on the reasons for the substitution or on what action, if any, the AEE or the JSF plans to take in response.