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Capitol Report: Puerto Rico’s bondholders worried after Hurricane Maria turns out lights

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Winds lash the coastal city of Fajardo as Hurricane Maria approaches Puerto Rico, on September 19, 2017. Maria headed towards the Virgin Islands and Puerto Rico after battering the eastern Caribbean island of Dominica, with the US National Hurricane Center warning of a “potentially catastrophic” impact. / AFP PHOTO / Ricardo ARDUENGO (Photo credit should read RICARDO ARDUENGO/AFP/Getty Images)

If Puerto Rico is without power for months after Hurricane Maria, as authorities now warn, many investors in the $9 billion of Puerto Rico’s outstanding electric utility bonds risk never seeing their money.

When Hurricane Maria hit Puerto Rico early Wednesday, it not only devastated the island with 155 mile-per-hour winds and flooding, the storm also knocked out the electricity across the island, with a population of more than 3 million.

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