Fiscal Board revokes $5.9B Power Expectations contract after forged signatures uncovered

The biggest PREPA scandal in years: a 10-year temporary power generation contract worth $5.9 billion collapsed when Enchanted Rock, a key consortium member, revealed its name and signature were used without authorization. Governor Jenniffer González called for immediate cancellation, and the case has been referred to the Department of Justice and federal authorities. PREPA's executive director confirmed two independent grounds for termination, including the consortium's failure to deliver a required $1.18 billion performance bond. The contract would have added 400 megawatts of generation capacity to the island — a critical need amid recurring blackouts. Legislators across all parties are demanding investigations into how a contract of this magnitude was awarded without verifying participant signatures.