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Puerto Rico to Reduce Power Generation Amid Cash Shortfall

Puerto Rico's electricity utility said Friday it will dial down the power generation starting this weekend as a federal control board urgently seeks a $300 million loan for the troubled utility after a judge rejected a previous $1 billion loan request. The announcement comes as nearly 400,000 power customers across the island remain in the dark more than five months after Hurricane Maria hit the island, causing the longest blackout in U.S. history. Ernesto Sgroi, president of the...

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