Department of Justice opens 10-day comment period on proposed PES RIN settlement

In Washington, the Department of Justice has opened a 10-day public comment period regarding the proposed settlement agreement for Philadelphia Energy Solutions’ RIN debt. On March 12, the DOJ lodged a proposed Consent Decree and Environmental Settlement Agreement with the United States Bankruptcy Court for the District of Delaware in In PES HOLDINGS LLC., et al., Civil Action No. 18-10122 (Bankr. D. Del.). Comments should be addressed to the Assistant Attorney General, Environment and Natural Resources Division, and should refer to In re PES Holdings, LLC., et al., D.J. Ref. No. 90-5-2-1-10993/1.

Reuters reports that the DOJ also lodged a 44-page objection to PES’ bankruptcy plan, saying it doesn’t sufficiently protect creditors.