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PREPA Chief Resigns Amid Restructuring, Privatization Push

Law360 (July 11, 2018, 8:26 PM EDT) -- The head of Puerto Rico's public electric utility has resigned just months after being installed to lead the company’s privatization push as it struggles to restructure more than $9 billion in debt and improve an unstable electric grid.

After less than four full months on the job, Walter Higgins is out as CEO of the Puerto Rico Electric Power Authority, citing personal issues as well as swirling questions about his $450,000 salary as reasons for his departure.

Higgins, the former president and CEO of Bermuda-based energy...
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