Categories: Featured News

FBI investigates Puerto Rico Whitefish power contract: WSJ

(Reuters) – The Federal Bureau of Investigation is investigating a $300 million contract that Puerto Rico’s government power company awarded to a U.S.-based energy startup, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The contract between Whitefish Energy Holdings and Puerto Rico’s bankrupt power utility came under fire after it was revealed last week that the terms were obtained without a competitive public bidding process.

Whitefish had more than 350 workers and 2,500 tons of heavy equipment on the ground for rebuilding electrical lines destroyed in Hurricane Maria, raising concern about Puerto Rico’s management of federal disaster-relief funds to the island, the WSJ reported. (http://on.wsj.com/2zjM0vi)

The Federal Emergency Management Agency, multiple congressional committees and local auditors have begun requesting documents about the deal, according to the WSJ.

A Whitefish spokesman said the company was not aware of any such investigation and that it “is committed to full cooperation with any inquiry or investigation.”

The FBI’s office in Puerto Rico did not respond to a request for comment.

(Reporting by Anirban Paul in Bengaluru; Editing by Anil D’Silva)

Reuters

Recent Posts

Jimmy Carter Outlived One Of His Obituary Writers

Jimmy Carter was not only the longest living ex-president in history, but he lived so…

4 months ago

Barack And Michelle Obama Perfectly Pay Tribute To Jimmy Carter

Former President Barack Obama and First Lady Michelle Obama honored Jimmy Carter in the most…

4 months ago

Trump And House GOP’s Promise To Not Cut Social Security Is Total Nonsense

Trump got House Republicans to not use reconciliation to cut Social Security. The problem is…

5 months ago

Trump And Mike Johnson Agree To Apparently Cut Americans’ Healthcare To Pay For Tax Cuts For The Rich

President-elect Trump and Speaker Mike Johnson have agreed to a deal that would fund the…

5 months ago

Dozens Of Republicans Humiliate Trump/Musk By Voting Down CR

Donald Trump demanded that the debt limit be raised as part of the government funding…

5 months ago

Trump And Vance Blame Biden For Elon Musk Caused Chaos

Donald Trump and JD Vance are blaming President Biden for the havoc caused by Elon…

5 months ago