The examination of Deloitte’s existing contracts comes after it failed to catch red flags in a company’s application for a loan to build or upgrade power plants in the state.
Argument during game of dominoes turns deadly after man fatally shot at southeast Houston apartment‘Mail was coming up missing’: Former Houston USPS carrier indicted in $1 million mail theft, check fraud scheme
When the company and the state’s Public Utility Commission announced the list of 17 finalists in late August, they included a project from Aegle Power, whose CEO Kathleen Smith was convicted in 2017 in what the U.S. Justice Department called an “.” Aegle Power also included the name of another company, NextEra, which told the PUC it was included on the application
At the meeting, Deloitte representatives said they had not reached out to NextEra, the company that was listed in the application without their knowledge, because their process is not to reach out to applicants until the next phase of due diligence. But representatives acknowledged they should have included a more thorough review of applicants earlier in the process.
On Tuesday, PUC executives told lawmakers they relied too much on Deloitte’s reputation to administer the project and should have made sure they were executing the contract satisfactorily.
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