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
