Originally formed to broker auto repair, Pacific Ethanol has an alternative plan. After leaving the car business, it is now into alternative fuels. Pacific Ethanol buys and sells ethanol to a number of large energy companies. The company also owns a 42% stake in Front Range Energy, which operates its own 50-million-gallon ethanol facility in Colorado. Pacific Ethanol's biggest customers are Chevron and Valero. In 2010, Pacific Ethanol Holding Company had its reorganization plan confirmed, allowing the company's four production units to emerge from Chapter 11 bankruptcy protection. The production units now operate under an independent holding company, New Holdco LLC, in a fee arrangement with Pacific Ethanol.