Looks like the company (PREPA) filed for bankruptcy several months before Hurricane Maria hit Puerto Rico.
http://fortune.com/2017/07/02/puerto-rico-prepa-energy-bankruptcy/
Puerto Rican Power Utility PREPA Files For Bankruptcy
$72 billion in debt and a 45% poverty rate! WTF? PR is a disaster, which runs just like Mexico! There was a time when favored invading Mexico. Now Trump has made it clear that the wall is really the only answer.
“The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) said PREPA power had filed in the United States District Court of Puerto Rico for protection under Title III of the 2016 Puerto Rico rescue law known as PROMESA, which gave Puerto Rico and its agencies access to a workout process akin to U.S. bankruptcy.
“I believe that the Title III filing will provide PREPA the tools necessary to assure its uninterrupted operation and achieve a successful restructuring,” said Gerardo Portela Franco, Executive Director of AAFAF (just how big a lie is this one?)
PROMESA was created to help Puerto Rico emerge from a crisis marked by $72 billion in debt, a 45 percent poverty rate on the island and insolvent public pensions. Some public entities, including Puerto Rico’s central government itself, have already filed Title III cases.”