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Update on ETEC/ECOtality Bankruptcy

Update on ETEC/ECOtality Bankruptcy. October 14, 2013. Today’s Speakers. Janea A. Scott Commissioner Allan L. Ward, II Chief Counsel’s Office. Entities in the Bankruptcy Proceeding. ECOtality, Inc. ECOtality, Stores Inc. Electric Transportation Engineering Corp. (ETEC). ETEC North, LLC.

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Update on ETEC/ECOtality Bankruptcy

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  1. Update on ETEC/ECOtality Bankruptcy October 14, 2013

  2. Today’s Speakers Janea A. Scott Commissioner Allan L. Ward, II Chief Counsel’s Office

  3. Entities in the Bankruptcy Proceeding ECOtality, Inc. ECOtality, Stores Inc. Electric Transportation Engineering Corp. (ETEC) ETEC North, LLC The Clarity Group, Inc. G.H.V. Refrigeration, Inc.

  4. 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.

  5. 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.”

  6. 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.

  7. Further Questions on CEC Efforts? Email :ab118@energy.ca.gov Phone: 916-654-4775

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