The report, compiled by the
Among other things, it stated:
--Cobra's rates were reasonable, falling within estimated ranges considered as parts of various scenarios. "This conclusion is delivered from analytical investigation which combined knowledge of work conditions, assumptions into wage burdens, evaluation of the equipment quantities and workforce structures, different assumptions about fuel costs, and inclusion of the best benchmark data and current adjustment factors available at this time," the report stated.
--Cobra was uniquely positioned to rapidly respond to the crisis, given that it was able to deploy heavy equipment to and start its work on the island within two weeks of when the original contract was signed. A week after that, Cobra had 463 lineman and 200 other support workers deployed there, exceeding agreed upon levels included in the first agreement.
"This timely delivery of quantities of work and support labor, in excess of the levels initially proposed quickly (three weeks after the master service agreement was signed), clearly reflects responsiveness to requirements for both immediate availability and contract flexibility," it stated.
"Overall, we concluded that work crew headcounts and equipment quantities offered by Cobra were sufficiently large to complete required electricity work and thus, HSOAC (the Homeland Security Operational Analysis Center) deemed quantities presented in Cobra's bid document to be reasonable."
--Cobra had met PREPA's requirements that responding companies have the equipment and resources needed to be able to make repairs to electricity transmission systems in mountainous terrain, to be self-sustaining and to be able to go to work with minimal up-front payments.
The company disclosed the report through a filing it made with the
On Thursday, Mammoth CEO
"The quick deployment and extra resources we were able to bring were just critical to the island at that time."
Various investigations, including at least one that was criminal in nature, have been looking at PREPA and Cobra's relationship.
A federal grand jury has issued indictments targeting
Ellison was indicted on charges of wire fraud, disaster fraud, conspiracy to commit bribery and making false statements to federal investigators, court documents have shown.
Tribble was indicted on charges of wire fraud, disaster fraud, conspiracy to commit bribery and violating the Travel Act.
The charges, which generally accuse the players of inappropriate activities that might have steered PREPA business to Cobra, remain pending in
Initially, Cobra signed a
Cobra later obtained another contract worth about
Using a Freedom of Information Act request, Mammoth also obtained a letter written at the end of 2017 by a
Meanwhile, Mammoth still is owed about
Because of the current energy markets environment, payment of those owed dollars could help reduce the need for Mammoth to continue taking aggressive steps to reduce its costs by eliminating personnel, he noted.
"We believe the government has additional documentation that shows we did the majority of the work in a very cost-effective manner," Straehla said. "We think that is important, and will continue to pursue obtaining those through the Freedom of Information Act process."
Investors pushed the value of Mammoth's share, traded on Nasdaq under the ticker TUSK, higher on Tuesday.
The stock closed at
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