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Puerto Rico moves to cancel Whitefish power contract after uproar – Yahoo7 News

By Ginger Gibson and David Gaffen

Puerto Rico governor calls for cancellation of Whitefish contract

Puerto Rico governor calls for cancellation of Whitefish contract

WASHINGTON/NEW YORK (Reuters) – Puerto Rico’s government power company said on Sunday it will cancel a $300 million contract with a tiny Montana company to restore power to the storm-hit U.S. territory after an uproar over the deal.

The contract between Whitefish Energy Holdings and Puerto Ricos bankrupt power utility came under fire after it was revealed last week that the terms were obtained without a competitive public bidding process. Residents, local officials and U.S. federal authorities all criticized the arrangement.

The cancellation could further complicate …

Read the full article at: https://au.news.yahoo.com/a/37660885/puerto-rico-governor-calls-for-cancellation-of-whitefish-contract/

Category: BankruptcyBy Insolvency GuardianOctober 30, 2017

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Puerto Rico moves to cancel Whitefish power contract after uproar – Yahoo7 News

By Ginger Gibson and David Gaffen

WASHINGTON/NEW YORK (Reuters) – Puerto Rico’s government power company said on Sunday it will cancel a $300 million contract with a tiny Montana company to restore power to the storm-hit U.S. territory after an uproar over the deal.

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. Residents, local officials and U.S. federal authorities all criticized the arrangement.

The cancellation could further complicate Puerto Rico’s most pressing challenge from the territory’s worst storm in 80 years – restoring power to its 3….

Read the full article at: https://au.news.yahoo.com/a/37665393/puerto-rico-moves-to-cancel-whitefish-power-contract-after-uproar/

Category: BankruptcyBy Insolvency GuardianOctober 29, 2017

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