Deals
Puerto Rico's Other No-Bid Contractor Says It's No Whitefish
- Fracking firm Mammoth Energy is up to the grid job, CFO says
- Company set up barges to house power-line workers offshore
Puerto Rico Governor on Recovery Efforts and Debt
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Even though it’s best known for fracking and only been in the business of restoring downed power lines for a few months, Mammoth Energy Services Inc. got a no-bid, $187 million contract to restore electricity to hurricane-ravaged Puerto Rico.
That’s drawn the attention of skeptical U.S. lawmakers who helped lead the charge to get canceled a $300 million contract awarded to Whitefish Energy Holdings LLC. Mammoth executives bristle at any comparison to Whitefish and say the company -- which saw its stock surge 19 percent when it landed the job -- is up to the task.