AES forms plan to “dispose of” power plant
by Garth Meyer The closed Redondo Beach power plant may be a step closer to a change of ownership as the previous owners have announced the formation of a plan to “dispose of” the site, and the city council voted to negotiate with them for potential purchase of the land. Much of this depends first on the resolution of a bankruptcy proceeding for current part-owners 9300 Wilshire, LLC, led by Leo Pustilnikov. On Tuesday night, April 23, Redondo Beach City Attorney Mike Webb read a statement after a closed city council session, quoting AES that it “plans to submit a straightforward and confirmable plan that will dispose of the former power plant site in Redondo Beach. AES will be able to submit its plan on August 21, 2024 or possibly earlier.” The city attorney continued. “In light of these imminent developments, the city council directs staff to move forward expeditiously to negotiate with AES for the potential acquisition of the power plant site, should AES regain possession of the property through foreclosure, bankruptcy proceedings or otherwise.” The news comes after the plant was formally shut down by the State of California Dec. 31. “I think it’s a prudent action to prepare…
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