PSC Reinstates Kansas Company's Grain Dealer License

FOR IMMEDIATE RELEASE

                PSC REINSTATES KANSAS COMPANY’S
                           GRAIN DEALER LICENSE

Lincoln, Tuesday, July 25, 2023- The Nebraska Public Service
Commission (PSC), Tuesday, July 25, issued an Order
(GDC-455/GD-3032) entering into a stipulated agreement,
dismissing the complaint and reinstating the grain dealer
license of NORAG, LLC, of Stilwell, Kansas.

On June 13, the Commission temporarily suspended the grain
dealer license of NORAG, for being in violation of Title 291 Neb.
Admin. Code, Chapter 8, § 003.01 for failing to meet and maintain
a minimum of allowable net worth of $10,000 and Title 291 Neb.
Admin. Code, Chapter 8 § 003.01 for failing to maintain suitable
working capital.

The PSC and NORAG, have entered into a stipulated agreement
resolving its issues. As part of the agreement, the company will
file a satisfactory Operating Line of Credit (OLC) with the PSC
grain department, on or before November 1, 2023. The company
has also agreed to submit its financial statement in accordance
with the PSC grain department’s Rules and Regulations.

“Our grain department and legal team have worked closely with the
company to reach this resolution,” said Commission Chair Dan
Watermeier.  “The stipulated agreement brings the company into
compliance while providing producers the protections they deserve.”

The Order reinstating the grain dealer license of NORAG, LLC, of
Stilwell, Kansas takes effect immediately. ###
 

Contact:
Deb Collins- Communications & Media Mgr.
(402) 471-0226
deb.collins@nebraska.gov