[Sburn]

"Pacific Ethanol Inc. is running on fumes.

In a Securities and Exchange Commission filing, the Sacramento-based company warned it could run out of operating cash by the end of the month, unless it finds additional capital and restructures its existing debt.

With little profit in making and selling ethanol, it has already shut down three of its four ethanol fuel plants -- including a $140 million facility opened last fall in Stockton.

It is in default on more than $260 million in loans, but the company's creditors have agreed to give it until April 30 to try to restructure its debt, find additional sources of financing or both."

Quoted from:

http://www.recordnet.com/apps/pbcs.d..._NEWS/90401011