FBI investigating Puerto Rico power contract: WSJ

FBI investigating Puerto Rico power contract: WSJThe contract between Whitefish Energy Holdings and Puerto Rico’s bankrupt power utility was widely criticized after media reports showed it was awarded without a competitive public bidding process. On Sunday, Puerto Rico’s government announced it would cancel the $ 300 million contract. 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.

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