Calif. Urges Judge To Block Valero Energy Terminal Deal

By Cara Bayles (August 16, 2017, 10:49 PM EDT) -- The state of California asked a federal judge at a hearing Wednesday for a preliminary injunction blocking Valero Energy Corp. from buying two petroleum terminals, saying it would hurt competition and raise fuel prices, while Valero warned that granting the request would kill the deal.

The state's attorney, Charles Kagay of the Law Offices of Spiegel Liao & Kagay, asked U.S. District Judge William Alsup to issue a preliminary injunction blocking Valero from acquiring two San Francisco-area petroleum storage and distribution terminals owned by Plains All American Pipeline LP. He said the deal would knock competitors like AOT Energy and Musket...

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