YAKIMA, Washington â Two major creditors Wednesday, July 14, dropped their opposition to the sale of Easterday farms, clearing the way for the Mormon church to buy an Eastern Washington family farm brought down by debt and fraud.
Prudential Insurance Co. and Equitable Life Insurance agreed to withdraw their objections during a mid-hearing break in U.S. Bankruptcy Court in Yakima. In return, they are guaranteed to receive most, if not all, of the millions of dollars owed them by Cody Easterday, his wife, mother and their companies.
The parties, returning from the closed conference, outlined the agreement to Judge Whitman Holt, settling a dispute that had threatened to block the $209 million acquisition by Farmland Reserve Inc., affiliated with the Church of Jesus Christ of Latter-day Saints.
President Biden’s pick for chairman of the U.S. Securities and Exchange Commission is open to the use of digital currencies, but says investors must be adequately protected.
Governors Wind Energy Coalition
Senator seeks probe of natural gas price spikes during storm Source: By MATTHEW DALY, Associated Press • Posted: Monday, February 22, 2021
WASHINGTON (AP) A Democratic senator is calling for federal investigations into possible price gouging of natural gas in the Midwest and other regions following severe winter storms that plunged Texas and other states into a deep freeze that caused power outages in millions of homes and businesses.
Minnesota Sen. Tina Smith says natural gas spot prices spiked as high as 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs, many of which were passed on to customers.
Senator seeks probe of natural gas price spikes during storm keyc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from keyc.com Daily Mail and Mail on Sunday newspapers.
Houston Mayor Sylvester Turner on Sunday urged the state of Texas to pay for the residents ballooning energy bills after a severe winter storm caused a power outage and spiked energy prices.
Last week, major grid failures and increasing demand left millions of people without power amid the dangerous weather conditions. As power resumes for most Texas areas, many households are left with an energy bill as high as $10,000, CNBC reported.
Turner argued that the enormous electricity bills and the bills to repair homes should not be put on the residents shoulders. Those exorbitant costs should be borne by the state of Texas and not the individual customers who did not cause this catastrophe this week, Turner said in the report.