Las Vegas Sun

March 28, 2024

Kerr-McGee discloses charges, plant sale denied

Kerr-McGee Corp. of Oklahoma City restated its second-quarter results to show a wider loss of $58 million, or 58 cents a share, because of charges for environmental expenses and increased oil exploration expenses.

Included in the extraordinary costs is a $4.6 million charge for environmental costs at its plant in Henderson, near Las Vegas. The Henderson costs are for a system that is being tested for removal of ammonium perchlorate from water supplies.

Kerr-McGee also denied a published report that the company has agreed to sell the Henderson plant, which employs 200 people, to a company called "ABC LLC."

"I don't think 'ABC LLC' exists," said Kerr-McGee spokeswoman Debbie Schramm.

"We just used that name as a hypothetical example" in a filing with regulators on whether the potential sale of the plant would affect its electricity supply, she said.

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