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prima:At risk a collection of more than $75 million in taxes and patents owed to municipalities by Cobra Acquisitions

The Board of Directors of PREPA authorized paying money to the company before considering the funds owed to the municipalities for work related to repairing the electrical grid after Hurricane Maria in 2017

August 7, 2024 - 2:14 PM

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This content was published more than 3 months ago.
Cobra obtuvo contratos de hasta $1,800 millones para trabajar en la restauración del sistema eléctrico de Puerto Rico, que fue derrumbado por el huracán María el 20 de septiembre de 2017. (GFR Media)
Cobra Acquisitions received more than $1.8 billion in contracts to restore Puerto Rico's electrical system following the devastation caused by Hurricane Maria in 2017.

Thirteen municipalities are in a legal battle against Cobra Acquisitions and the Puerto Rico Electric Power Authority (PREPA) for the payment of construction taxes and patents for work done on Puerto Rico’s electric grid after Hurricane María struck in September 2017.

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