
Mammoth Energy Remains Unpaid By PREPA For Vital Hurricane Maria Recovery Work
Immediately after Hurricane Maria made landfall, Mammoth Energy, and its subsidiary Cobra Acquisitions LLC, moved quickly to restore power to Puerto Rico and its inhabitants. Four years later, it is well past time for PREPA to pay for that work.
Hurricane Maria Hit the Commonwealth of Puerto Rico on September 20, 2017. In October 2017 Mammoth Energy’s subsidiary Cobra Acquisitions proposed and was awarded the first of two contracts by the Puerto Rico Electric and Power Authority (PREPA) totaling $1.2 billion to begin rebuilding and restoring power to Puerto Rico.
Working with PREPA and other Puerto Rican authorities from December 2017 to March 2019, in challenging terrain, Mammoth Energy’s subsidiary Cobra Acquisitions’ team successfully restored and rebuilt the power grid in Puerto Rico.
And then inexplicably and without notice, in May 2019 PREPA stopped communicating and paying Mammoth Energy’s subsidiary Cobra Acquisitions, leaving over $300 million in unpaid bills for a project completed. And even though FEMA obligated and sent this money to the island at the end of 2020, PREPA continues to breach its contractual obligations for payment to this day.
Still in 2023 the company continues its fight for payment from PREPA with no explanation from PREPA or Puerto Rico as to the whereabouts of this money or when they plan to pay. From 2020 to present Mammoth Energy and its subsidiary Cobra Acquisitions has shed over half of its work force while over $300 million accrues $3 million monthly in contractually stipulated interest, due in large part, to this inexcusable breach of contract by PREPA.
Mammoth has a proven record
helping those in their time of greatest need:
Hurricane Harvey
2017 – South Texas
Hurricane Irma
2017 – Florida
Hurricane Maria
2017 – Puerto Rico
Hurricane Beryl
2018 – Puerto Rico
Hurricane Michael
2018 – Florida
Hurricane Florence
2018 – North Carolina
PGE
2017-2020- California (Brim Wildfires)
Oregon Department of Forestry
2017 + Present, Oregon (Brim)
Hurricane Sally
2020 - Louisiana
Hurricane Laura
2020 - Louisiana
Ice Storms
2020 - Oklahoma and Texas
Hurricane Hanna
2020 – Texas
Tropical Storm Isaias
2020 – Southeast United States
Derecho
2020 – Midwest United States
Ice Storms
2021 – Kentucky and Ohio
Ice Storm
2021 – Texas
Hurricane Ida
2021 – Louisiana and Mississippi
Tornado
2021 - Western Kentucky
American workers are paying the price
for PREPA refusing payment:
Mammoth employs over 800 Americans all over the country. When PREPA refuses payment, these Americans are the ones who they are refusing to pay.