Bahamas power company bid raises questions for Washington
NASSAU, Bahamas--A recent report by the Tribune newspaper in The Bahamas stating that US Secretary of State John Kerry certified the integrity of an American company bidding for a multimillion-dollar management contract from the state-owned Bahamas Electricity Corporation (BEC) appears to be causing difficulties for Washington in addressing the rationale for such certification.
On January 27, while not identifying the US firm he was referring to, the Tribune reported Bahamas Prime Minister Perry Christie as saying: "I have received written support from the Embassy in Nassau, from the Deputy Secretary of State and the Secretary of State of the US government [John Kerry – Ed.] with respect to a particular applicant, certifying their integrity."
At the same time, the Tribune also reported that a US public company Carolinas-based PowerSecure "is effectively the only contender remaining at the table for the BEC management contract," leading to the conclusion that PowerSecure was the applicant for which integrity was certified.
Attempts to clarify the reported "integrity certification" by US officials up to and including Kerry, after several days of promising a response, were deflected on Friday by the State Department to the Commerce Department, notwithstanding that it is State Department, not Commerce officials who are reported to have made the statements in question.
Furthermore, no comment from any US government agency has yet been forthcoming on the reported "integrity certification" in the context of two pending lawsuits alleging violations of securities laws by PowerSecure and/or its senior management.
The first is a shareholder class action lawsuit filed on May 23, 2014, in the US District Court for the Eastern District of North Carolina Read more
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