Monday, January 24 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jan 24
Week of Jan 17
Week of Jan 10
Week of Jan 03
Week of Dec 27
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Small Pennsylvania company behind serious accusations against CMP parent


    December 7, 2021 - Peter McGuire, Portland Press Herald, Maine

     

      Dec. 7—A small, recently established consulting firm is behind the stunning fraud allegations against Central Maine Power's parent company.

      Security Limits Inc., based in Jessup, Pennsylvania, and its CEO, Paulo Silva, filed a federal lawsuit accusing Avangrid of rigging bids, racketeering and buying unnecessary equipment so it could charge higher electricity rates on customers and increase its profits.

      Few details about Security Limits are public. The privately held company was established in 2018 in New York and was chartered in Pennsylvania in early 2020.

      It has small offices in a business incubator and office complex established by the Greater Scranton Chamber of Commerce.

      Silva did not respond to a phone message left at the offices Monday. The company hires workers as necessary to complete projects and contracts.

      On his Linkedin profile online, Silva lists years of experience in cybersecurity at companies such as Thompson Reuters, Citi Bank and BSI, the British Standards Institution, according to his profile.

      Since 2011, Silva has consulted at utility companies, including the Pennsylvania electricity provider Exelon and the Massachusetts energy company Eversource.

      Security Limits advertises products based on what it calls Ironclad, a cybersecurity a system with hardware and software that protects infrastructure from cyber threats. The cloud-based system "once built and fully operational, is a 21st century information processing facility built specifically for hosting industrial control systems," the company says on its website. The company is contracted to install and maintain the system, licensed for use by its clients.

      Silva consulted for Avangrid from February 2018 to September 2019, according to his profile. As chief architect, he was responsible for implementing the Ironclad system at Avangrid, his profile said.

      Besides CMP, Avangrid owns utilities in Massachusetts, New York and Connecticut. It is headquartered in Orange, Connecticut, and is owned by Iberdrola, a multinational company based in Spain.

      Silva recently moved full-time to the Scranton area after spending much of his career commuting between his home in Stamford, Connecticut, and Manhattan, he told Discover NEPA, an economic development group in Northeast Pennsylvania. Silva and his family moved to their second home near Scranton during the pandemic, he told the organization.

      Among the accusations in Security Limits' lawsuit, it says Avangrid bought "tens of millions of dollars" of equipment from a competitor of the plaintiff "at premium prices and with no competition" and then stored the equipment in warehouses in Maine and New York. The purchases allowed Avangrid to justify greater profits when seeking rate increases, it says.

      Avangrid has described Silva as a disgruntled former contractor who threatened to disrupt its planned merger with a New Mexico energy company after Avangrid failed to award his company new contracts. Avangrid denies accusations against it and previously sent a cease-and-desist letter to Silva regarding his accusations, it said.

      On Friday, it filed a countersuit accusing Silva of defamation and attempted extortion by threatening and harassing the energy company.

      "Despite his criticisms of Avangrid, Silva continues to tout his affiliation with Avangrid on his Linkedin page," the company said in a news release last week.

      The Santa Fe New Mexican newspaper reported that Silva repeated his accusations against Avangrid at a meeting of the New Mexico Public Regulations Commission last week and asked commissioners to reject Avangrid's merger with Public Service Company as "not in the public interest of Americans."

      ___

      (c)2021 the Portland Press Herald (Portland, Maine)

      Visit the Portland Press Herald (Portland, Maine) at www.pressherald.com

      Distributed by Tribune Content Agency, LLC.

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.