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Whitefish Energy Wrapping Up Its Work In Puerto Rico

Whitefish Energy Wrapping Up Its Work In Puerto Rico

After it was cancelled, the company said it would end its work on the hurricane-ravaged island on November 30.

Citing a letter sent Puerto Rican officials, the Associated Press reported that the government owes Whitefish more than $83 million. Even though the contract had been cancelled, both sides agreed Whitefish would complete its current projects and remain in Puerto Rico until November 30.

Whitefish accused PREPA of delaying payments to the company, including more than $26 million that was already approved by the power authority, according to CNN. But some of Whitefish's subcontracts with Florida-based utility companies expire this week.

Techmanski blasted PREPA and the Federal Emergency Management Agency (FEMA), saying his company was assured "there was money available to pay us for 100% of our work".

Techmanski said he did not regret coming to the island and said again that his company's experience in linework in mountainous regions made it suitable for the Puerto Rico contract.

"We stopped because of the financial situation, lack of payment with PREPA has gotten beyond its maximum threshold and what we can sustain as a business", Techmankski said.

More news: Intel Corporation (INTC) Holdings Decreased by Fishman Jay A Ltd. MI

Puerto Rico power company spokesman Carlos Monroig told the AP that both sides are in talks to reach an agreement to satisfy everyone involved. Without payment to Whitefish, contractors and subcontractors were also going unpaid, the letter said.

Hurricane Maria slammed into Puerto Rico in September, wreaking havoc on the USA territory's infrastructure.

Many people in Puerto Rico remain without power two months after the Category 4 storm devastated the island, killing at least 55 people and causing damage estimated at up to $95 billion.

Hundreds of protesters took to the streets of Washington, D.C.in show of support to hurricane-hit Puerto Rico.

As of Monday more than half of Puerto Rico remains without power. The power company holds about $9 billion of that debt.


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