Wednesday, February 04, 2009

Thursday, Feb 4th at 5pm is D-Day for Evergreen Pulp. What then?

If the Samoa Acquisition Company does not close escrow tomorrow at 5pm, the Pulp Mill will most likely fall into bankruptcy. That will be all folks. That will pretty much close the chapter on the plant.

Humboldt Bay Municipal Water District Director Tera Prusha reported yesterday at the Special Water Board meeting that Assembly member Wes Chesbro had spoken publicly about turning the plant into a recycle center. (Huh? What kind of recycle plant?) Director Bruce Rupp asked if Wes was drinking when he made that statement. Tera also asked about the zoning aspects of the property and what permits were transferable. (Chesbro Field Rep Andrew Bird e-mailed this follow-up: Tera may have misunderstood a conversation with Wesley. Wesley remembers having a conversation with Tera in which he recalled to her back in the 1990s when the Simpson Mill closed he had attempted to facilitate locating a recycled paper plant at the mill site. There was a company looking to locate a plant to produce paper from recycled materials in California. The company was looking at West Sacramento, but was having permitting problems. So Wesley held some talks with that company and the Simpson Mill folks about locating the plant in Samoa at the Simpson site, which had an existing water supply and port access. The talks didn’t go anywhere.)

There is the possibility that Evergreen can restructure after bankruptcy and restart the plant at a later date. Not very likely.

No other potential buyers seem to be out there. So I am sure the water will be shut off and the ratepayers will take the burden of the $200,000 per month shortfall. (With 80,000 customers a raise of $3 per month would generate $240,000. That should cover it, right?)

Let us hope that Bob Simpson can pull this sale off. Looks like the only hope now.

13 comments:

Anonymous said...

If you think the phonies like Chesbro or water board are looking out for you (Or the county), think again. These people are all style, no substance.

Richard, you have until tomorrow at 5pm before you are just a complete and total lost case. You have been backing frauds.

Anonymous said...

Wes doesn't need to drink, just a 215 permit.

Rose said...

Chesbro is a disgrace.

Anonymous said...

And Oh Baby, he's our disgrace. What a sad F#@^*%G state of proggie affairs.

Anonymous said...

You are assuming that Bob Simpson will operate the plant as a pulp mill.....there are other uses for turbines and boilers.

Anonymous said...

Thursday Feb 5 - today
All of the talked will stop for the day. The oucome will come and everyone will be able to get on with whatever they want.

Anonymous said...

Wow, what words of wisdom from all.

Anonymous said...

I agree with 11:16AM..Chesbro, Glass, Katlin & Neely..all of them...they would like nothing better than to shut down the mill all the time telling you how hard they are working to save it...it never changes..the mill, logging, the bay all of it..they have an agenda..WAKE UP...

Hans said...

I have my fingers crossed for you and all of the employees Richard. For what it's worth.

Rambo said...

Rich, everywhere I go and everything I do will be while I am in a constant state of prayer to my Father and His Son for all of you in the Humboldt Bay region.

Not telling any of you to do the same or trying to convert you away from your beliefs. I will and have fought for the right to believe as you want. All I ask is you respect my right to pray to my Lord for help for everyone.

Not A Native said...

Maybe today is a deadline or maybe its just more brinkmanship to pressure creditors and get more concessions from them.

My guess is that this "deadline" will extend.

Anonymous said...

Richard it is always interesting to read your blog. Chesbro will always be our Judas and will never change. I hope the sell goes through for all the hard working employees out there. The health insurance alone would be worth almost everthing. Your old buddy that was promised a railroad from Eureka to Willits in two years.

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