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PES Holdings, LLC

  1. April 02, 2018

    PES Fights Intervention Bid For Plan-Critical Consent Decree

    PES Holdings LLC asked a Delaware bankruptcy court on Friday to reject ethanol trade group Growth Energy's attempt to intervene in a consent decree governing how it will handle renewable energy credits as it comes out of bankruptcy, saying Growth Energy has no standing to involve itself and has not shown even a likelihood of harm.

  2. March 26, 2018

    PES Refinery Ch. 11 Plan Confirmed, Ethanol Fight Remains

    Philadelphia Energy Solutions LLC secured confirmation in Delaware Monday for a nearly $700 million debt restructuring for the northeast's largest remaining refinery, with no objections raised and with ethanol producer concerns over renewable fuel credits diverted to a separate hearing.

  3. March 22, 2018

    Pennsylvania Withdraws Objection To Refinery Bankruptcy

    Pennsylvania tax officials on Wednesday withdrew their objection to Philadelphia Energy Solutions LLC's fast-track prepack Chapter 11 plan, saying the oil refinery agreed to amend the plan to preserve the state's right to collect on a $3.8 billion tax claim.

  4. March 21, 2018

    PES Ch. 11 Plan Hit With Objections From US Gov't

    The federal government objected late Tuesday in Delaware to the proposed Chapter 11 plan of refinery operator PES Holdings LLC, saying the plan cannot be confirmed for numerous reasons related to its treatment of creditors and the lack of information about claims against the debtor.

  5. March 19, 2018

    US Trustee Objects To PES Ch. 11 Plan Over Creditor Rights

    The United States Trustee objected Monday in Delaware to the proposed Chapter 11 plan of bankrupt refinery operator PES Holdings LLC, saying the plan's treatment of unsecured creditors deprives them of the right to vote on the restructuring proposal.

  6. March 13, 2018

    EPA Lets Bankrupt Pa. Refiner Slide On Biofuel Payments

    Philadelphia Energy Solutions LLC, the Northeast’s largest remaining refinery complex, scored a big win in its Delaware bankruptcy proceedings Monday with a settlement that allows the company to avoid paying tens of millions it owes under a U.S. Environmental Protection Agency renewable fuels program.