Nov 13, 2017

Whitefish Energy charged Puerto Rico far more than it paid contractors

Linemen from Whitefish Energy at work in Puerto Rico. Photo: Ramon Espinosa / AP

Whitefish Energy — the Montana company that secured a controversial and short-lived contract to fix Puerto Rico's power grid — charged the island's government $319 an hour for work on power lines but only paid its linemen $63 an hour, NYT reports. The FBI is investigating the Whitefish contract.

Why it matters: Per the Times, $319 an hour is "a rate that industry experts said was far above the norm even for emergency work — and almost 17 times the average salary of their counterparts in Puerto Rico." A spokesman for Whitefish Energy told the Times that "simply looking at the rate differential does not take into account Whitefish's overhead costs." Go deeper: A breakdown of the contract

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