'$300m Puerto Rico Recovery Contract Awarded to Tiny Utility Company Linked to Major Trump Donor' TDB
"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.
The private-equity firm that finances Whitefish, HBC Investments, was founded by Joe Colonnetta, who serves as its general partner.
https://www.thedailybeast.com/dollar...or-trump-donor