Irving company awarded up to $831M to help rebuild Puerto Rico

Irving-based Fluor Corporation (NYSE: FLR) was awarded its second task order by the U.S. Army Corps of Engineers (USACE) — in coordination with the U.S. Army Engineering and Support Center, Huntsville — to help restore power to Puerto Rico. The t.....»»

Category: topSource: bizjournalsDec 7th, 2017

Director of Puerto Rico power company resigns amid scrutiny

The director of Puerto Rico's power company has resigned amid ongoing blackouts and scrutiny of a contract awarded to a small Montana-based company to help rebuild the electric grid destroyed by Hurricane Maria......»»

Category: topSource: foxnewsNov 17th, 2017

Director of Puerto Rico power company resigns

The director of Puerto Rico's power company has resigned amid ongoing blackouts and scrutiny of a contract awarded to a small Montana-based company to help rebuild the electric grid destroyed by Hurricane Maria......»»

Category: topSource: foxnewsNov 17th, 2017

House Investigates Puerto Rico"s $300M Whitefish Electricity Contract

Federal agencies are evaluating a $3 million contract to rebuild Puerto Rico's power grid that was awarded to a small company in Montana in September......»»

Category: topSource: newsweekOct 27th, 2017

Puerto Rico suspends $133M post-hurricane housing contract

Puerto Rico's Housing Department said Wednesday it will suspend a $133 million deal with a U.S. company hired to repair homes damaged by Hurricane Maria because a review board found the contract was improperly awarded......»»

Category: topSource: foxnewsFeb 14th, 2018

Puerto Rico is working to cancel Whitefish contract

Puerto Rico's power authority is working to cancel a controversial contract it awarded to a small Montana-based utility company......»»

Category: topSource: moneyOct 29th, 2017

Congressional committees probe Puerto Rico contract award

Multiple committees in the House and Senate are investigating a $300 million contract awarded to a small Montana company to help restore Puerto Rico's damaged power grid......»»

Category: topSource: foxnewsOct 26th, 2017

Government reviewing Puerto Rico power deal

Whitefish Energy, a small Montana utility company that has stirred controversy in recent days, is now being reviewed by the U.S. government for the $300 million contract it was awarded to help restore power in parts of Puerto Rico......»»

Category: topSource: cnnOct 26th, 2017

Ex-Air Force Officer To Oversee Puerto Rico"s Power Restoration

The appointment of retired Col. Noel Zamot comes after a controversial $300 million contract to rebuild the island's power grid was awarded to a t.....»»

Category: topSource: nprOct 26th, 2017

Blackout hits Puerto Rico after 2 power plants shut down

A blackout hit Puerto Rico's capital and surrounding areas on Thursday after two of the U.S. territory's main power plants shut down as officials warn the power company is struggling to remain operational......»»

Category: topSource: foxnewsMar 1st, 2018

Goldman Sachs Says Evertec Bear Thesis Was "Wrong," Puerto Rico Recovering Faster Than Expected

Evertec Inc (NYSE: EVTC), a Puerto Rican transaction processing company, has seen its stock gain 15 percent over the past three months, prompting Goldman Sachs to announce its bear thesis was "wrong." Latest Ratings for EVTC DateFirm.....»»

Category: blogSource: benzingaFeb 22nd, 2018

Puerto Rico to slash energy reserves amid cash shortfall

Puerto Rico's power company said Sunday that it will reduce its operating reserve to save money amid a cash shortfall as officials warned the move could destabilize the U.S. territory's fragile electrical grid......»»

Category: topSource: foxnewsFeb 18th, 2018

Puerto Rico officials say power back to most after blackout

Officials with Puerto Rico's power company say they have now restored power to most of the people hit by a blackout overnight after a fire and explosion at a substation......»»

Category: topSource: foxnewsFeb 12th, 2018

Viewpoint: Benefit of Jones Act seen in Puerto Rico

As Hurricane Maria dropped its onslaught Sept. 20 on Puerto Rico, Angel Garcia, a terminal equipment operator for Crowley, a Jacksonville-based shipping and logistics company, huddled with his family as long as he could in their one-story home east.....»»

Category: topSource: bizjournalsFeb 10th, 2018

NYT: An Atlanta entrepreneur symbolizes FEMA"s failures

The Federal Emergency Management Agency awarded a $156 million contract awarded to an Atlanta entrepreneur to provide meals to hurricane victims in Puerto Rico before it had to cancel the contract, the New York Times reports. The entrepreneur, Tiffany B.....»»

Category: topSource: bizjournalsFeb 7th, 2018

Puerto Rico Moves to Privatize Its Electricity, but Competition Is Also Badly Needed

After nearly 40 years, Puerto Rico is finally privatizing its power utility company, the Puerto Rico Electric Power Authority......»»

Category: blogSource: 247wallstJan 24th, 2018

Puerto Rico moves to privatize troubled power company

Puerto Rico's governor says he is privatizing the island's government-owned power company following decades of mismanagement, corruption and blackouts......»»

Category: topSource: foxnewsJan 22nd, 2018

Puerto Rico to sell off crippled power utility PREPA

NEW YORK (Reuters) - Puerto Rico said on Monday it would sell off its troubled power utility to the private sector, saying in a statement that the process to unload the indebted company could take roughly 18 months to complete......»»

Category: topSource: reutersJan 22nd, 2018

Goldman Downgrades Evertec, Says Puerto Rico"s Hurricane Recovery Will Hurt Prospects

Street estimates for Evertec Inc (NYSE: EVTC), which operates full-service transaction processing in Latin America and the Caribbean, may not be reflect the company's risks, according to Goldman Sachs.  Late.....»»

Category: blogSource: benzingaJan 17th, 2018

Puerto Rico Orders Probe of Power Gear Stockpiled During Rebuild Effort

Puerto Rico’s governor asked local justice officials to investigate allegations that critical power grid supplies were stockpiled instead of put to use rebuilding the U.S. territory’s infrastructure following a devastating recent hurricane......»»

Category: topSource: wsjJan 12th, 2018

Starbucks opens first new café in Puerto Rico since Hurricane Maria

Starbucks Corp. has opened the company's first new store in Puerto Rico since.....»»

Category: topSource: marketwatchDec 19th, 2017