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An Oklahoma-based energy company has repeated calls for the Puerto Rican government to complete a payment for work it did restoring the island’s power grid years ago.
Mammoth Energy said the Puerto Rico Electric and Power Authority (PREPA), the now-defunct government agency that previously oversaw the territory’s power grid and transmission infrastructure, still owes about $365 million for a contract the company was awarded in 2017. PREPA awarded the company’s subsidiary, Cobra Acquisitions, contracts worth $1.6 billion to restore Puerto Rico’s decimated grid following Hurricane Maria.
The company, which has worked on 17 other natural disaster clean up projects, was ultimately owed a total of $1.3 billion after completing its work and departing earlier than expected in 2019. When Cobra workers left the island, PREPA still owed $224 million, an amount which has swelled to more than $360 million when factoring in interest.
“We treated it almost like a military action which it was,” Mammoth Energy CEO Arty Straehla told Fox News Digital in an interview. “At one point, we had 1,000 people on the island that were working to restore electricity because the devastation was so bad. When we got down there, 100% of