Culture&Arts

Two energy companies investigated for contracts with Puerto Rico

Two energy companies investigated for contracts with Puerto Rico

The controversial firm awarded a massive contract to restore much-needed electricity to Puerto Rico was charging more than $300 an hour per lineman but paying its workers just a fraction of that, according to a report.

"The rates in the contract were fairly negotiated between Prepa and the company and were based on the mutual knowledge about the difficulty of the work and associated risks", Chiames told the Times. Industry pushes back on Perry grid plan GOP chairman has "more questions" about Puerto Rico's Whitefish Energy contract The SECURE American Energy Act only endangers public lands MORE (R-Utah), chairman of the Natural Resources Committee, said the Whitefish documents demonstrate deep-seated problems.

WFLA reached out to Whitefish Energy. Documents indicate that Whitefish would still keep one dollar of every two it billed Prepa, the Washington Post reported Tuesday.

Mammoth Energy has 250 linemen in Puerto Rico rebuilding the power lines at the rate of $4,000 each per day.

He also asserted that the Federal Emergency Management Agency (FEMA) helped PREPA prepare the Whitefish contract to be compliant with federal rules, something that FEMA has forcefully denied. As part of this contract revision, PREPA required Whitefish to develop one rate for each labor category that would apply to all subcontractors (from APPA utilities to union shops). Since each subcontractor has different contracted rates with Whitefish, the overall margin can not be determined until the final work is performed for each firm.

Whitefish spokesman Chris Chiames defended its costs to the newspaper, explaining that "simply looking at the rate differential does not take into account Whitefish's overhead costs" built into the rate.

More news: Federal Bureau of Investigation report points to continued rise in American hate crimes

The Times spoke to six electrical workers from Kissimmee, Fla., who are now working on bringing electricity back to the island. This, combined with PREPA's failure to maintain its right of ways, meant that the scope of work facing Whitefish was unprecedented, as acknowledged by the U.S. Government.

The second hurricane, Maria, destroyed Puerto Rico's aging power grid.

The documents show that PREPA lawyers provided guidance on how the contract should be constructed, including termination, payment, and bonding recommendations-which were not reflected in the final contract signed by PREPA and Whitefish. According to energy experts, the pay was high, especially for work in an area struck by a natural disaster.

Despite the seemingly exorbitant charges, linemen cited in the report received more normal amounts such as $42, 63 or $100 per hour. Additional we have had to offer a premium rate on top of that for labor to leave the overtime projects they are on at home and to and leave their families.

The cancelled contract runs through November, and then a new company is expected to take over.


  • Marvell Technology Group Ltd

    Analysts are also projecting an Average Revenue Estimate for Marvell Technology Group Ltd .as $610770 in the Current Quarter. The stock of Marvell Technology Group Ltd . (NASDAQ: MRVL ) earned "Outperform" rating by Cowen & Co on Thursday, August 27.
    S&P cuts Venezuela's sovereign debt rating to 'selective default'

    S&P cuts Venezuela's sovereign debt rating to 'selective default'

    Vice-president El Aissami blamed United States sanctions for delays to Venezuela's debt repayments. The agency said it acted after a 30-day grace period had passed on payments on two bonds.
    Packers RBs Jones, Montgomery out with injuries

    Packers RBs Jones, Montgomery out with injuries

    Hundley responded to the challenge, making the kind of throws that can push the Packers back to the playoffs. Adams snatched the ball and darted past the pylon for a 19-yard touchdown - the second of Hundley's career.
  • Should You Hold The TJX Companies, Inc. (NYSE:TJX)

    Should You Hold The TJX Companies, Inc. (NYSE:TJX)

    The TJX Companies, Inc .is an off-price apparel and home fashions retailer in the United States and across the world. Telsey Advisory Group maintained it with "Market Perform" rating and $80 target in Wednesday, November 16 report.
    Buffalo Wild Wings stock soars on report of takeover offer

    Buffalo Wild Wings stock soars on report of takeover offer

    Barclays is reportedly working as Roark's financial adviser, while Goldman Sachs is working with Buffalo Wild Wings . According to a CNBC report , Roark Capital Group has made a bid offer of $150 per share to buy Buffalo Wild Wings .

    Cohen & Steers Global Realty Majors ETF (GRI) Rises 0.06% for Nov 12

    Arete Wealth Advisors Ltd Liability stated it has 0.34% of its portfolio in Cohen & Steers infrastucture Fund Inc (NYSE:UTF). The Chevy Chase Trust Holdings Inc holds 490,657 shares with $35.08 million value, down from 557,324 last quarter.
  • Rocket League Switch is out now!

    Rocket League Switch is out now!

    Japanese Nintendo has uncovered a number of Nintendo trademark applications that cover a variety of different series. Amiibo figures that can be used for this goal include ones that feature "Super Mario" and " Splatoon " characters.
    Dallas prosecutor fired for berating Uber driver

    Dallas prosecutor fired for berating Uber driver

    You're free to leave", Platt said. 'You're kidnapping me , ' she continued. 'You're committing a third- to first-degree felony. The situation became even tenser when, at Warner's request, the driver changed his GPS-directed route and lost his way.
    Stock Review: Tracking Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

    Stock Review: Tracking Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG)

    Gateway Invest Advisers Ltd Limited Liability Company owns 0.01% invested in Moody's Corporation (NYSE:MCO) for 10,729 shares. Chipotle Mexican Grill Inc . had 201 analyst reports since July 22, 2015 according to SRatingsIntel. (NYSE:CMG) is now 2.96.
  • Alaska Air Group, Inc

    Finally, Dimensional Fund Advisors LP lifted its position in shares of Alaska Air Group by 3.2% during the third quarter. Days to cover decreased from 5.0 to 3.0 and the percentage of shorted shares is 0.06% as of October 31. (NYSE:ALK).
    New York, VA at odds over medical marijuana for veterans with PTSD

    New York, VA at odds over medical marijuana for veterans with PTSD

    Bills to add PTSD to state medical marijuana programs were also signed into law in Colorado , New Hampshire, and Vermont in 2017. Andrew Cuomo Saturday signed a bill allowing people with PTSD to obtain medical marijuana with a doctor's authorization.
    Vodafone returns to profit as mobile data offsets losses in India

    Vodafone returns to profit as mobile data offsets losses in India

    BidaskClub downgraded Vodafone Group PLC from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 18th. The company presently has a consensus rating of "Hold" and an average price target of $31.52.