A New Fortress Energy subsidiary that manages power plants in Puerto Rico is foregoing the potential of almost $900 million in performance bonuses over the next decade in exchange for a one-time payment as the company scrambles for cash.

New Fortress Energy (NASDAQ:NFE) +1.8% pre-market Monday after saying it secured a one-year extension of its 80T BTU islandwide gas supply contract with the Puerto Rico Electric Power Authority. The 10-year operation and maintenance agreement between New Fortress (NASDAQ:NFE) subsidiary Genera and PREPA will be modified to eliminate future

New Fortress Energy Inc. (NASDAQ:NFE) has extended its 80 TBtu gas supply contract with the Puerto Rico Electric Power Authority (PREPA) for one year. Additionally, its subsidiary, Genera, modified its 10-year Operation and Maintenance Agreement,

New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) today announced a one-year extension of its 80 TBtu islandwide gas supply contract with the Puerto Rico