Filed under “But Her Corruption!”
Puerto Rico has agreed to pay a reported $300 million for the restoration of its power grid to a tiny utility company that is primarily financed by a private-equity firm founded and run by a man who contributed large sums of money to President >Trump, an investigation conducted by The Daily Beast has found.
Whitefish Energy Holdings, which had a reported staff of only two full-time employees when Hurricane Maria touched down, appears ill-equipped to handle the daunting task of restoring electricity to Puerto Rico’s more than 3 million residents.
Much larger utilities are more commonly used following natural disasters on the scale of Hurricane Maria, which devastated the island last month.
Obviously the company is small for tax reasons, and they would subcontract out the work. It seems to be a case of a Republican-friendly business owner who had done a similar type of repair work seeing an opportunity and pouncing on it. It’s still highly irregular.