Puerto Rico Electric Power Authority

Mammoth Energy Provides Status Update on PREPA Receivable

Thursday, July 29, 2021 - 9:15pm

PREPA had 60 days from the receipt of FEMAs Determination Memorandum to file an appeal.

Key Points: 
  • PREPA had 60 days from the receipt of FEMAs Determination Memorandum to file an appeal.
  • On July 23, 2021, with aid from Mammoth, PREPA filed an appeal of the entire $47 million that FEMA de-obligated in the May 26, 2021 Determination Memorandum.
  • If PREPA does not receive a decision within 180 days after the appeal was filed, PREPA can file a demand for arbitration.
  • Separately, over the past two years, Mammoth has sought and obtained help from Senate and Congressional members in pursuit of collecting the receivable due from PREPA.

Mammoth Energy Releases Additional Information Regarding Work Performed in Puerto Rico

Tuesday, June 8, 2021 - 12:00pm

OKLAHOMA CITY, June 08, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (Mammoth or the Company) (NASDAQ:TUSK) today announced that it has posted to its website additional information addressing two documents recently released by the Federal Emergency Management Agency (FEMA) that relate to hurricane repair work performed by Cobra Acquisitions LLC (Cobra) in Puerto Rico.

Key Points: 
  • OKLAHOMA CITY, June 08, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (Mammoth or the Company) (NASDAQ:TUSK) today announced that it has posted to its website additional information addressing two documents recently released by the Federal Emergency Management Agency (FEMA) that relate to hurricane repair work performed by Cobra Acquisitions LLC (Cobra) in Puerto Rico.
  • FEMA released a Determination Memorandum dated May 26, 2021, related to the first of two contracts Cobra successfully performed for the Puerto Rico Electric Power Authority (PREPA).
  • Arty Straehla, chief executive officer of Mammoth commented, Today, we release a fifth confirmation that the work performed by our subsidiary Cobra in Puerto Rico was both within the scope of the PREPA contract and was at a lower overall cost than other contractors on the island.
  • The documentation continues to show that our team performed a difficult job in a difficult environment to save lives and aid the people of Puerto Rico in their time of need.

Mammoth Energy Releases Additional Information Regarding Work Performed in Puerto Rico

Wednesday, March 17, 2021 - 8:01pm

OKLAHOMA CITY, March 17, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (Mammoth or the Company) (NASDAQ:TUSK) today announced that it has posted to its website additional information related to its work in Puerto Rico.

Key Points: 
  • OKLAHOMA CITY, March 17, 2021 (GLOBE NEWSWIRE) -- Mammoth Energy Services, Inc. (Mammoth or the Company) (NASDAQ:TUSK) today announced that it has posted to its website additional information related to its work in Puerto Rico.
  • The Federal Emergency Management Agency (FEMA), in a memorandum dated April 22, 2019, that was recently obtained by Mammoth, concluded that the work performed by Cobra Acquisitions LLC (Cobra) for the Puerto Rico Electric Power Authority (PREPA) was awarded in compliance with the emergency procurement provision of the Commonwealth of Puerto Rico and that the contract rates were reasonable.
  • The documentation continues to show that our team performed a difficult job in a difficult environment to save lives and aid the people of Puerto Rico in their time of need.
  • Mammoths suite of services and products include: infrastructure services, well completion services, natural sand and proppant services, drilling services and other energy services.

Mammoth Energy Announces Third Validation of Work Performed in Puerto Rico

Tuesday, December 8, 2020 - 12:00pm

The presentations, reports and additional data add further validation that the work performed by Cobra Acquisitions LLC (Cobra) for the Puerto Rico Electric Power Authority (PREPA) significantly aided the restoration of power to millions of residents of Puerto Rico under very harsh conditions.

Key Points: 
  • The presentations, reports and additional data add further validation that the work performed by Cobra Acquisitions LLC (Cobra) for the Puerto Rico Electric Power Authority (PREPA) significantly aided the restoration of power to millions of residents of Puerto Rico under very harsh conditions.
  • As of October 2018, FEMA estimated that the restoration work in Puerto Rico would cost approximately $5.4 billion.
  • We are continuing to pursue the approximately $293 million contractually owed to Mammoth, commented Arty Straehla, chief executive officer, Mammoth Energy Services.
  • Mammoths suite of services and products include: pressure pumping services, infrastructure services, natural sand and proppant services, drilling services and other energy services.

DGAP-News: Greenbriar Capital Corp Reaches Commercial Agreement with the Puerto Rico Electric Power Authority

Tuesday, May 19, 2020 - 10:11pm

Coquitlam, British Columbia--(Newsfile Corp. - May 19, 2020) - Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar").

Key Points: 
  • Coquitlam, British Columbia--(Newsfile Corp. - May 19, 2020) - Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar").
  • Greenbriar is pleased to announce the following statement from our legal counsel in Washington, DC.
  • Luis Baco, JD, LLM, states:
    "Greenbriar Capital Corp ("Greenbriar") is pleased to announce that it has reached agreement with the Puerto Rico Electric Power Authority (PREPA) on a 25-year Power Purchase and Operating Agreement (PPOA) for the development, construction, and operation of the 80MW to 160MW AC Montalva solar project.
  • The Montalva PPOA now moves on to final approval by the Puerto Rico Energy Bureau (PREB) and the Puerto Rico Financial Oversight and Management Board (FOMB).

DGAP-News: Greenbriar Capital Corp Provides Montalva Project Update

Friday, May 8, 2020 - 6:00am

Coquitlam, British Columbia--(Newsfile Corp. - May 8, 2020) - Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") Greenbriar is pleased to announce the following statement from our legal counsel in Washington, DC.

Key Points: 
  • Coquitlam, British Columbia--(Newsfile Corp. - May 8, 2020) - Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) ("Greenbriar") Greenbriar is pleased to announce the following statement from our legal counsel in Washington, DC.
  • Luis Baco, JD, LLM, states:
    "Greenbriar Capital Corp ("Greenbriar") is pleased to announce that significant progress has been achieved in the past weeks towards reaching a final agreement with the Puerto Rico Electric Power Authority (PREPA) on the revised PPOA for the Montalva Solar Project to be built in the municipalities of Guanica and Lajas, Puerto Rico.
  • With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
  • Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.

PW Power Systems Delivers Brighter Holidays for Puerto Rico

Thursday, December 5, 2019 - 1:06pm

PW Power Systems ( PWPS ), the leading provider of aero-derivative power generation energy solutions, announces that PREPA (Puerto Rico Electric Power Authority) has three, PWPS FT8 MOBILEPAC gas turbines ready for operation.

Key Points: 
  • PW Power Systems ( PWPS ), the leading provider of aero-derivative power generation energy solutions, announces that PREPA (Puerto Rico Electric Power Authority) has three, PWPS FT8 MOBILEPAC gas turbines ready for operation.
  • The 30-megawatt mobile gas turbine units are now available for emergency power, as well as for grid security in support of Puerto Ricos environmental sustainability plan.
  • PW Power Systems LLC (PWPS) is a group company of MHPS Americas, headquartered in Lake Mary, Florida.
  • PW Power Systems is committed to providing high-quality solutions for the distributed energy market that increase energy productivity and reliability and deliver operational savings for its customers.

PW Power Systems Delivers Power and Care to Puerto Rico

Thursday, December 5, 2019 - 1:06pm

In conjunction with the installation by PREPA of power generation units supplied by PW Power Systems ( PWPS ), the Connecticut-based company donated $7,500 to The Salvation Army Puerto Rico Divisions Houses to Homes Program, the long-term recovery phase of disaster relief in Puerto Rico that provides household items to those who lost everything in Hurricane Maria.

Key Points: 
  • In conjunction with the installation by PREPA of power generation units supplied by PW Power Systems ( PWPS ), the Connecticut-based company donated $7,500 to The Salvation Army Puerto Rico Divisions Houses to Homes Program, the long-term recovery phase of disaster relief in Puerto Rico that provides household items to those who lost everything in Hurricane Maria.
  • We are grateful for the commitment of PW Power Systems, which supports our human services programs in Connecticut and, now, in Puerto Rico.
  • The generators are now available at the Palo Seco Power Plant, ready to provide emergency power to Puerto Rico and a safety net for the islands electric grid.
  • PW Power Systems LLC (PWPS) is a group company of MHPS Americas, headquartered in Lake Mary, Florida.

Resilient Power Puerto Rico (RPPR),a Puerto Rico-based nonprofit organization, marks two years since its founding in the aftermath of Hurricane Maria

Wednesday, September 18, 2019 - 3:59pm

San Juan, Puerto Rico, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Resilient Power Puerto Rico(RPPR),aPuerto Rico-based nonprofit organization, marks two years since its founding in the aftermath of Hurricane Maria(September 20, 2017).

Key Points: 
  • San Juan, Puerto Rico, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Resilient Power Puerto Rico(RPPR),aPuerto Rico-based nonprofit organization, marks two years since its founding in the aftermath of Hurricane Maria(September 20, 2017).
  • Through their generosity, both financial and personal, weve beencapable of strengthening30communities capacities to respond to climate change.
  • RPPR envisionsarobust, diverse and inclusive renewable energy sector, where the tools and resources for the development of renewable energymicrogridsare available for the benefit ofallcommunities across Puerto Rico.
  • Resilient Power Puerto Rico (RPPR) is an independent nonprofit founded in 2017 - in the aftermath of Hurricane Maria.

New Fortress Energy Signs Contract to Supply Natural Gas to San Juan Power Plant

Tuesday, March 5, 2019 - 9:25pm

New Fortress Energy LLC (NASDAQ: NFE) (New Fortress) announced today that its Puerto Rico subsidiary, NFEnerga LLC (NFEnerga), has entered into a contract with the Puerto Rico Electric Power Authority (PREPA) for the supply of natural gas and conversion of Units 5 and 6 of the San Juan Combined Cycle Power Plant.

Key Points: 
  • New Fortress Energy LLC (NASDAQ: NFE) (New Fortress) announced today that its Puerto Rico subsidiary, NFEnerga LLC (NFEnerga), has entered into a contract with the Puerto Rico Electric Power Authority (PREPA) for the supply of natural gas and conversion of Units 5 and 6 of the San Juan Combined Cycle Power Plant.
  • The conversion of San Juan Units 5 & 6 to natural gas will save hundreds of millions of dollars and accelerate the modernization of critical power infrastructure.
  • Natural gas power is cleaner, cheaper and is the perfect complement to renewable energy.
  • NFEnerga will supply natural gas to the power plant from its micro fuel handling facility in the Port of San Juan, which has been under development for more than a year.