In an effort to avoid filing the largest municipal bankruptcy in U.S. history, officials in Alabama’s Jefferson County extended until mid-September talks with creditors holding $3.14 billion in debt incurred after officials borrowed money to fix their troubled sewer system and then entered into a number of complicated and corruption-laced refinancing deals that backfired in 2007 with the mortgage lending crisis. Those schemes also resulted in the conviction of a number of local officials and businessmen.
Meritage Midstream Services LLC is planning to build a new rich gas gathering system in Webb County, TX. Escondido Resources II LLC will serve as the system’s anchor tenant and will have firm capacity on Meritage’s existing Eagle Ford Escondido Gathering System to move its Eagle Ford volumes.
Kane County, IL, has been awarded more than $2.27 million in federal disaster aid for five infrastructure projects aimed at alleviating chronic flooding. The federal funding is part of the Illinois “IKE” Disaster Recovery Program established in the wake of Hurricane Ike in Sept. 2008.
In a continuing effort to improve the Whistleblower Protection Program, the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) announced that it is implementing additional measures to strengthen the program and is releasing an internal report detailing a recent review of the program.