Knobias Features Pacific Ethanol Inc. (PEIX) in Smallcap Clip Report
While the energy bill continues to ping pong between the House of Representatives and the Senate, one Company announced its bet that at least one proposition of the bill (the increase in ethanol production and use) will be stripped from the legislation in order to gain bipartisan support. Pacific Ethanol Incorporated (PEIX) announced on Monday that the Company was suspending construction of its Imperial Valley Project in Calipatria, California until the market conditions improved. The market conditions causing the suspension were not mentioned, and whether the conditions included the federal legislation or not was also unclear. What is known is…