Venoco restructuring approved by bankruptcy court
Venoco’s restructuring plan was approved July 13, enabling it to get out from under $1 billion of debt it incurred following the shutdown of Plains All American Pipeline’s Line 901 after the May 2015 Refugio oil spill. Under the proposal, approved by the U.S. Bankruptcy Court for the District of Delaware, the company expects to Read More →
Read More →Ceres faces lawsuit over sale to Land ‘O Lakes
Thousand Oaks-based ag-biotech company Ceres Inc. is facing a lawsuit from shareholders angry about the company’s June 17 sale to Minneapolis-based Land ‘O Lakes. In the lawsuit, which was filed in state court in Los Angeles on July 5, three shareholders allege the company unfairly sold the company to Land ‘O Lakes for $17.6 million. Read More →
Read More →Hill: Planning for a post-Diablo Canyon future
By Adam Hill As the news of the deal that will close Diablo Canyon continues to reverberate through our community, it’s critical that we begin to plan now for our post-Diablo future. We simply can’t afford to be apathetic or to behave like a broken-hearted lover bemoaning co-dependency. This is perhaps the best test yet Read More →
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Diablo Canyon plant closing effects being mitigated
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Read More →Plains arraignment, motion to seal indictment transcripts continued to July 28
The arraignment for Plains All American Pipeline and its employee James Buchanan along with the company’s motion to seal indictment transcripts was continued to July 28. The Plains indictment that stems from the Refugio oil spill contains 46 counts, four of which are felonies. A federal investigation is ongoing. Plains filed a motion on Read More →
Read More →Lands Commission extends leases to keep Diablo Canyon running until 2025
The California State Lands Commission unanimously approved two land lease extensions that may keep the Diablo Canyon Power Plant running until 2025. After nearly a full day of public testimony, the commission approved two lease extensions for water intake structures and breakwaters at the plant that are used to pipe cooling water through the reactors Read More →
Read More →Diablo Canyon’s long goodbye
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