PSC Statement on Hansen-Mueller Bankruptcy

LINCOLN – The Nebraska Public Service Commission (PSC) is aware that HansenMueller Co. has filed for Chapter 11 Bankruptcy as part of a financial restructuring plan.

Previously, and in response to complaints received, the PSC this year:
• opened a formal complaint on Oct. 24;
• suspended the company’s grain dealer license;
• required proof of a line of credit sufficient to cover obligations, which was submitted by the company on Oct. 30; and
• through a stipulated agreement approved Nov. 4, required Hansen-Mueller to make payment to Nebraska producers.

The PSC is actively evaluating the bankruptcy filing and its potential impact. The PSC is not commenting on the matter beyond the following official statement:

“Our top priority is safeguarding Nebraska grain farmers. We will closely monitor this development to ensure transparency, compliance and continued protection for all affected parties, as allowed by law.”

Omaha-based Hansen-Mueller entered the filing Nov. 17 in U.S. Bankruptcy Court, District of Nebraska. The company’s announcement of the decision is available here.

Media inquiries about the filing should be directed to the company’s chief restructuring
officer, Michael Compton at [email protected] or (402) 819-2566.

The PSC offers the following guidance to members of Nebraska’s grain industry:
• Bankruptcy case information, including court filings and claims information, can be found on the Hansen-Mueller restructuring website at https://dm.epiq11.com/HansenMueller or by calling toll-free (877) 717-1702.
• Contact the PSC Grain Department at [email protected] or (402) 471-0223 to report concerns.