Bankrupt Refinery PES Asks Court to Overrule DOJ, EPA Objections

Refinery operator Philadelphia Energy Solutions asked a bankruptcy court in Delaware to overrule federal government objections to its reorganization plan, in an effort to avoid delaying the case that it says costs $15 million per month.

The refinery’s Dec. 8 filing came in response to a Nov. 27 objection from the U.S. Trustee’s Office, the Justice Department’s bankruptcy watchdog, that the company’s disclosures were “devoid of any meaningful information” about how much creditors would receive. The Environmental Protection Agency also objected Dec. 6 that the plan didn’t disclose how the refinery would meet ongoing obligations under the Clean Air Act’s ...