>> The head of Puerto Rico's indebted utility resign Friday amid mountain criticism over this low restoration of power in the wake of Hurricane Maria. Ricardo Ramos had come under pressure for signing controversial rebuilding contracts with the private companies in order to restore electricity. Reuters' reporter, Jessica Resnick-Ault.>> One of the biggest things were the contracts that he signed, so there were contracts made with both Cobra Energy and Whitefish.
Whitefish has gone a great deal of criticism, it was about a $300 million contract. Cobra was a slightly smaller contract with a slightly better known company, but Whitefish was really an unknown entity within this very large contract was signed and I think the terms in which it was signed have drawn a lot of criticism.
It was not weighted on by FEMA or the other government agencies that were there.>> The Whitefish contract has since been cancelled, but Ramos face an intense grilling from Congress this week. He defended his actions saying a private sector deal promised to help the island recover faster than government options.
The bankrupt electric agency was in need of major upgrades even before the storm with the debt load of $9 billion. All of Puerto Rico's 3.4 million residents were left in the dark after Maria struck in late September and only about half the island has power again.