California Energy Commission Update on ETEC/ECOtality Bankruptcy October 14, 2013.
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Transcript of California Energy Commission Update on ETEC/ECOtality Bankruptcy October 14, 2013.
California Energy Commission
Update on ETEC/ECOtality
BankruptcyOctober 14, 2013
California Energy Commission
Today’s Speakers
Janea A. Scott
Commissioner
Allan L. Ward, II
Chief Counsel’s Office
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California Energy Commission
Entities in the Bankruptcy ProceedingECOtality,
Inc.
ECOtality, Stores Inc.
Electric Transportation
Engineering Corp. (ETEC)
G.H.V. Refrigeration, Inc.
The Clarity Group, Inc.
ETEC North, LLC
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California Energy Commission
Successful Bid Structure
(i) Intertek Testing Services NA Inc. will pay $750,000 for the eTec Labs business line.
(ii) Access Control Group LLC will pay $250,000 for the Minit-Charger business line.
(iii) Blink Acquisition LLC will pay $3,335,000 for the Blink Network business line.
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California Energy Commission
Car Charging Group’s Press Release
“The assets included in the transaction are all of Blink’s inventory, the more than 12,450 installed electric vehicle Level II charging stations, the 110 DC Fast charging stations, and the Blink network, which is the turnkey operating system for EV drivers, commercial businesses, and utilities, that services the Blink stations.”
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California Energy Commission
Where to Find Information
• The following website has electronic documents of the court proceeding:
http://www.kccllc.net/ecotality/document/list/3704?nh=1
• Doc. #100 has the list contracts that can be assigned.
• Doc. #3 and a diagram at the end of #1 show the corporate entities involved and their relationships.
• Doc. #197 is the Notice of Successful Bidders.• A few objections by entities over the possible
assignment and cure amounts of their contracts.
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California Energy Commission
Further Questions on CEC Efforts?
Email : [email protected]
Phone: 916-654-4775
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