Receiver: Youngstown Thermal Sale a 'Long-Term Solution' for the City

By District Energy posted 05-07-2019 10:31

  

The Business Journal

Summary

YOUNGSTOWN, Ohio — The court-appointed receiver charged with overseeing the assets of Youngstown Thermal Heating Cooling said Monday that the sale of the district heating utility provides a long-term solution to a difficult situation.

“You can’t just put a Band-Aid on this,” said Reg Martin, who assumed control over Youngstown Thermal in August 2017. “You need something that is in the long run what is best for the customers.”

On Friday, attorneys representing Martin and Youngstown Thermal filed papers in Mahoning Common Pleas Court requesting that Judge R. Scott Krichbaum approve a purchase agreement between the company and SOBE Energy Solutions of Dublin, Ohio.

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