The company, which uses the gas to power its fabric dryers and ovens, says it can no longer afford to pay its exorbitant bills. The firm's bills have risen from around $35,000 a month to more than $150,000 a month.

The textile dyer has said it will look for another source of natural gas, but will declare bankruptcy if it is unable to find an alternative supplier.

Anaheim Mills is the latest textile firm to fall prey to rising energy costs. L.A. Dye & Print Works Inc. recently announced plans to shut down its Pico Rivera headquarters and lay off all of its workers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.