"Nearly a million people lost power last Thursday after a fire at an electrical substation in the capital San Juan. The massive blackout came just days after the private U.S. and Canadian company LUMA Energy formally took over management of the island’s electric grid from PREPA — that’s the Puerto Rico Electric Power Authority — which was devastated by Hurricane Maria... Many people are still without power, facing ongoing blackouts. The union for Puerto Rico Electric Power Authority, for PREPA, fought to block the privatization. Puerto Rico’s Fiscal Control Board, the mechanism put in place by Congress to manage its public debt, has pushed an austerity agenda that includes privatization of public assets like the electrical grid."