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Mammoth Energy Releases Testimony From FEMA Official Stating Funds Obligated By FEMA To PREPA Were Reasonable, Customary And "Made After Multiple Levels Of Review"
"Given the complex and evolving nature of the situation in Puerto Rico, FEMA put in place additional measures to ensure FEMA's funds would be spent
About this update from Mammoth Energy Services, Inc.
[{"type":"text","content":"\"Given the complex and evolving nature of the situation in Puerto Rico, FEMA put in place additional measures to ensure FEMA's funds would be spent appropriately.\"\n - Mike Byrne, Federal Coordinating Officer (\"FCO\") for the Federal Emergency Management Agency (\"FEMA\") response to Hurricane Irma and Hurricane Maria in Puerto Rico, 2017-2019\n\n\n OKLAHOMA CITY, Nov. 16, 2021 /PRNewswire/ -- Mammoth Energy Services, Inc. (NASDAQ: TUSK) (\"Mammoth\" or the \"Company\") today released quotes from Mike Byrne, who previously served as the FCO for FEMA's response to Hurricane Irma and Hurricane Maria in Puerto Rico, regarding the work performed by Mammoth's subsidiary Cobra Acquisitions LLC (\"Cobra\"). Byrne's quotes were made on April 15, 2021 in a declaration as part of the Mastec Renewables Puerto Rico v. Mammoth Energy Services, Inc. and Cobra Acquisitions, LLC in the United States District Court of the Southern District of Florida. \nIn the declaration, Byrne, who as FCO was responsible for coordinating FEMA's disaster and recovery response in Puerto Rico, stated:\n\"Given the complex and evolving nature of the situation in Puerto Rico, FEMA put in place additional measures to ensure FEMA's funds would be spent appropriately.\"\n\"Determinations as to whether work was available for FEMA funding were made after multiple levels of review, by various FEMA individuals working in various capacities.\"\n\"The steps include several tiers of review, which likely would have included legal, program, engineering, insurance, and environmental review, and then review by FEMA headquarters.\"\n\"Only after both FEMA and OMB (Office of Management and Budget in Washington DC), if significant funds are involved, approves the relevant work can FEMA obligate funding.\"\n\"FEMA's ultimate determination as to whether work was eligible for FEMA funding was set forth in an Eligibility Determination Memorandum (\"Determination Memo\" or \"DM\") Exhibit D is a December 22, 2017 Determination Memo, which concludes that certain work submitted by PREPA, to be performed by Cobra, was eligible for FEMA funding. DM's were created in the ordinary course of FEMA's work, and were a regular part of FEMA's business.\"\n\"All of us who were overseeing the recovery effort were concerned about the lack of contractor resources in Puerto Rico and about the time it...