- 注册
- 2002-10-07
- 消息
- 402,445
- 荣誉分数
- 76
- 声望点数
- 0
The failed waste-to-energy company Plasco Energy is expected back in court next week seeking an extension of its protection from creditors so it can “to wind up its affairs,” city solicitor Rick O’Connor says in an update memo to Mayor Jim Watson and the members of council.
An extension granted in September is due to expire on Dec. 18. However, Plasco’s demonstration facility on city-owned land across from the Trail Road dump is still on track to be fully decommissioned by the end of the year, says the memo. SNC Lavalin was on the site this week to locate and mark underground utilities and started to excavate soil for remediation.
Plasco entered into a long-term agreement with the city to process waste in 2011, but was unable to secure financing for a commercial plant by the end of 2014, missing a third and final deadline. Last February, Plasco filed under the Companies’ Creditors Arrangement Act.
About $95,000 from $300,000 funds held by the city and earmarked for decommissioning the Plasco plant has been released so soil remediation can begin.
Soil remediation is the last component of decommissioning. The city will retain about $200,000 of the security — which Plasco provided under its lease — to ensure all obligations to the city are fulfilled. Plasco will get the rest of the money after the city verifies that contractors have been paid and there are no liens registered against the property.
查看原文...
An extension granted in September is due to expire on Dec. 18. However, Plasco’s demonstration facility on city-owned land across from the Trail Road dump is still on track to be fully decommissioned by the end of the year, says the memo. SNC Lavalin was on the site this week to locate and mark underground utilities and started to excavate soil for remediation.
Plasco entered into a long-term agreement with the city to process waste in 2011, but was unable to secure financing for a commercial plant by the end of 2014, missing a third and final deadline. Last February, Plasco filed under the Companies’ Creditors Arrangement Act.
About $95,000 from $300,000 funds held by the city and earmarked for decommissioning the Plasco plant has been released so soil remediation can begin.
Soil remediation is the last component of decommissioning. The city will retain about $200,000 of the security — which Plasco provided under its lease — to ensure all obligations to the city are fulfilled. Plasco will get the rest of the money after the city verifies that contractors have been paid and there are no liens registered against the property.
查看原文...
