$300m Puerto Rico Recovery Contract Awarded to Tiny Utility Company Linked to Major Trump Donor

ATJ-Lucko

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A tiny utility company linked to a prominent Trump campaign donor has been awarded the massive contract to help rebuild the crippled island.
Ken Klippenstein
10.24.17 7:29 AM ET
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.

Federal Elections Commission data compiled by The Daily Beast shows Colonnetta contributed $20,000 to the Trump Victory PAC during the general election, $2,700 to Trump’s primary election campaign (then the maximum amount permitted), $2,700 to Trump’s general election campaign (also the maximum), and a total of $30,700 to the Republican National Committee in 2016 alone.

Colonnetta’s wife, Kimberly, is no stranger to Republican politics either; shortly after Trump’s victory, she gave $33,400 to the Republican National Committee, the maximum contribution permitted for party committees in 2016.
 

0mega1

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Meh, this kind of shit happens all of the time in construction contracts. Behind closed doors deals.
 

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