Eureka Reporter on Palco
Eureka Reporter on Palco 2/9/05 PALCO Faces Financial Trouble; Critic Says It’s PALCO’s Fault by Glenn Franco Simmons The Eureka Reporter The Pacific Lumber Co. (www.palco.com/) reported Wednesday that it is working with the North Coast Regional Water Quality Control Board, and separately with PALCO’s bank lender, in efforts to avoid a “financial liquidity shortfall.” “At PALCO, virtually all revenue comes from sales of lumber and other products produced from timber owned by our subsidiary, Scotia Pacific Co. LLC,” said Robert Manne, PALCO president and CEO. “This is why the North Coast Regional Water Quality Control Board should sign off …