Puerto Rico is formally ending negotiations with New Fortress Energy over a proposed multi-billion dollar liquefied natural gas (LNG) contract after the company declined to accept amended terms. The contract, which would have granted New Fortress nearly exclusive control over LNG deliveries to the island for over a decade, faced criticism from Puerto Rico's Fiscal Oversight and Management Board (OBoard) and federal watchdogs concerned about its impact on taxpayers and the energy system. The OBoard has questioned the contract's transparency and the no-bid nature of the deal, emphasizing congressional directives against sweetheart contracts lacking market competition. Additionally, the Puerto Rico Public Private Partnerships Authority has initiated dispute resolution proceedings with LUMA Energy, the current operator of the Puerto Rico Electric Power Authority (Prepa), citing failures to meet contractual obligations. The Puerto Rico Department of Consumer Affairs has also filed a lawsuit challenging a clause exempting LUMA from liability for damages caused by electrical service failures, including those due to negligence. In related Prepa bankruptcy proceedings, legal arguments are ongoing regarding administrative expense claims for the use of collateral during the bankruptcy case, with parties debating statutory versus contract claims under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The Prepa Ad Hoc Group has highlighted over $1 billion in cash collateral available, while the OBoard and other creditors dispute the nature and extent of claims against Prepa's assets.