Lincoln, Tuesday, July 25, 2023- The Nebraska Public Service Commission (PSC), Tuesday, July 25, issued an Order (GDC-455/GD-3032) entering into a stipulated agreement, dismissing
the complaint and reinstating the grain dealer license of NORAG, LLC, of Stilwell, Kansas.
On June 13, the Commission temporarily suspended the grain dealer license of NORAG, for
being in violation of Title 291 Neb. Admin. Code, Chapter 8, § 003.01 for failing to meet and
maintain a minimum of allowable net worth of $10,000 and Title 291 Neb. Admin. Code,
Chapter 8 § 003.01 for failing to maintain suitable working capital.
The PSC and NORAG, have entered into a stipulated agreement resolving its issues. As part of
the agreement, the company will file a satisfactory Operating Line of Credit (OLC) with the PSC
grain department, on or before November 1, 2023. The company has also agreed to submit its
financial statement in accordance with the PSC grain department’s Rules and Regulations.
“Our grain department and legal team have worked closely with the company to reach this
resolution,” said Commission Chair Dan Watermeier. “The stipulated agreement brings the
company into compliance while providing producers the protections they deserve.”
The Order reinstating the grain dealer license of NORAG, LLC, of Stilwell, Kansas takes effect
immediately.