8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 30, 2008

VeraSun Energy Corporation

(Exact name of registrant as specified in its charter)

South Dakota	001-32913	20-3430241
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

110 N. Minnesota Ave., Suite 300

Sioux Falls, South Dakota 57104

(Address of principal executive offices) (Zip Code)

(605) 978-7000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On December 30, 2008, VeraSun Energy Corporation (the “Company”) and certain of its subsidiaries (collectively, including the Company, the “Debtors”), as required in connection with the Debtors’ cases (In re VeraSun Energy Corporation, et al., Case No. 08-12606 (BLS)) under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”), filed an unaudited consolidated Monthly Operating Report for the month ended November 30, 2008 (the “Monthly Operating Report”) with the United States Bankruptcy Court for the District of Delaware. A copy of the Monthly Operating Report is furnished as Exhibit 99.1 to this report.

The Monthly Operating Report was prepared solely for the purpose of complying with monthly reporting requirements, and in a format prescribed, under the Bankruptcy Code and should not be used for investment purposes. The Monthly Operating Report is limited in scope and covers a limited time period and may not be indicative of the Company’s financial condition or results of operations for any period that would be reflected in the Company’s financial statements or its periodic reports under the Securities Exchange Act of 1934, as amended. The financial information that the Monthly Operating Report contains is preliminary and unaudited and is subject to revision. The financial statements in the Monthly Operating Report are not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations and disclosures. There can be no assurance that the information in the Monthly Operating Report is complete, and the Company cautions readers not to place undue reliance on the Monthly Operating Report. The information in the Monthly Operating Report is not, and should not be viewed as, indicative of future results.

Additional information regarding the Debtors’ bankruptcy cases, including access to court documents and other general information, is available through the Company’s web site at http://www.verasun.com by following the link to “REORGANIZATION INFORMATION” or at http://www.kccllc.net/verasun. Information contained on, or that can be accessed through, such web sites is not part of this report.

Forward-Looking Statements

This Current Report on Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements by the Company of expectations, anticipations, beliefs, plans, intentions, targets, estimates, or projections and similar expressions relating to the future are forward-looking statements within the meaning of these laws. Forward-looking statements in some cases can be identified by their being preceded by, followed by or containing words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “target” and other similar expressions. Forward-looking statements are based on assumptions and assessments made by the Company’s management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements are not guarantees of the Company’s future performance and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.

Some of the factors that may cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements include the following: the ability of the Company (which term, unless otherwise specified or the context otherwise requires, refers in this paragraph to VeraSun Energy Corporation and its subsidiaries) to continue as a going concern; the ability of the Company to satisfy the conditions for drawing on any existing debtor-in-possession financing and to obtain additional debtor-in-possession financing on an interim or final basis; the ability of the Company to operate pursuant to the terms and conditions of any debtor-in-possession financing and any cash collateral order entered by the bankruptcy court in connection with the Company’s chapter 11 cases; the ability of the Company to obtain a binding offer for the sale of its business or assets to a third party; the ability of the Company to consummate a sale of its business or its assets to a third party; the Company’s ability to obtain court approval with respect to motions in the chapter 11 proceedings prosecuted by the Company from time to time, including approval of motions relating to the priority of the lender’s security interest under any debtor-in-possession financing; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; risks associated with third

parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the bankruptcy cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company’s ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the Company’s liquidity or results of operations; the ability of the Company to fund and execute its business plan; the ability of the Company to attract, motivate and/or retain key executives and employees; the ability of the Company to attract and retain customers; the volatility and uncertainty of corn, natural gas, ethanol, unleaded gasoline and other commodities prices; the Company’s ability to generate sufficient liquidity to fund its operations and capital expenditures; the results of the Company’s hedging transactions and other risk mitigation strategies; risk of further potential long-lived asset impairment; operational disruptions at the Company’s facilities; the effects of vigorous competition and excess capacity in the industry in which the Company operates; the development of infrastructure related to the sale and distribution of ethanol; the effects of other mergers and consolidations in the biofuels industry and unexpected announcements or developments from others in the biofuels industry; the uncertainties related to the Company’s acquisitions of US BioEnergy Corporation, ASA OpCo Holdings, LLC and other businesses, including the Company’s ability to achieve the expected benefits from these acquisitions; the impact of new, emerging and competing technologies on the Company’s business; the possibility of one or more of the markets in which the Company competes being impacted by political, legal and regulatory changes or other external factors over which the Company has no control; changes in or elimination of governmental laws, credits, tariffs, trade or other controls or enforcement practices; the impact of any potential Renewable Fuel Standards waiver; the Company’s ability to comply with various environmental, health, and safety laws and regulations; the success of the Company’s marketing and sales efforts; the Company’s reliance on key management personnel; the Company’s ability to secure additional financing; deficiencies in the Company’s internal control over financial reporting constituting a material weakness to be remediated; and other risks referenced from time to time in the Company’s filings with the Securities and Exchange Commission, including the risk factors listed in Part II, Item 1A, “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2008, filed with the Securities and Exchange Commission on November 19, 2008. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company’s various pre-petition liabilities and VeraSun Energy Corporation’s common stock. No assurance can be given as to what values, if any, will be ascribed in the chapter 11 proceeding to each of these constituencies. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Monthly Operating Report for the month ended November 30, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VERASUN ENERGY CORPORATION
Date: December 30, 2008	By:	/s/ Bryan D. Meier
		Bryan D. Meier
		Vice President, Finance and Chief Accounting Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Monthly Operating Report for the month ended November 30, 2008

EX-99.1

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

CORPORATE MONTHLY OPERATING REPORT

File with the Court and submit a copy to the United States Trustee within 30 days after the end of the month and submit a copy of the report to any official committee appointed in the case.

REQUIRED DOCUMENTS	Form No.	Document Attached	Explanation Attached
Schedule of Cash Receipts	MOR-1a	x
Schedule of Disbursements	MOR-1b	x
Bank Account Information	MOR-1c	x
Copies of bank statements (See Notes to the MOR)			x
Cash disbursements journals (See Notes to the MOR)			x
Statement of Operations (Income Statement)	MOR-2	x
Balance Sheet	MOR-3	x
Status of Post-petition Taxes	MOR-4	x
Copies of IRS Form 6123 or payment receipt (See Notes to the MOR)			x
Copies of tax returns filed during reporting period (See Notes to the MOR)			x
Summary of Unpaid Post-petition Debts (See Notes to the MOR)	MOR-4		x
Listing of Aged Accounts Payable (See Notes to the MOR)			x
Accounts Receivable Reconciliation and Aging (See Notes to the MOR)	MOR-5	x	x
Taxes Reconciliation and Aging (See MOR-7)	MOR-5		x
Payments to Insiders and Professional	MOR-6	x
Post Petition Secured Notes Adequate Protection Payments	MOR-6	x
Debtor Questionnaire	MOR-7	x

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ James Bonsall	12/30/2008
Signature of Authorized Individual*	Date
James Bonsall
Printed Name of Authorized Individual
Chief Restructuring Officer
Title

* Authorized individual must be an officer, director or shareholder if debtor is a corporation; a partner if debtor is a partnership; a manager or member if debtor is a limited liability company.

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

GENERAL:

The report includes activity from the following Debtors and related case numbers:

Debtor	Case Number
ASA Albion, LLC	08-12607
ASA Bloomingburg LLC	08-12608
ASA Linden, LLC	08-12609
ASA OpCo Holdings, LLC	08-12610
US Bio Marion LLC	08-12611
US BioEnergy Corporation	08-12612
VeraSun Albert City, LLC	08-12613
VeraSun Aurora Corporation	08-12614
VeraSun BioDiesel, LLC	08-12605
VeraSun Central City, LLC	08-12615
VeraSun Charles City, LLC	08-12616
VeraSun Dyersville, LLC	08-12617
VeraSun Energy Corporation	08-12606
VeraSun Fort Dodge, LLC	08-12618
VeraSun Granite City, LLC	08-12619
VeraSun Hankinson, LLC	08-12620
VeraSun Hartley, LLC	08-12621
VeraSun Janesville, LLC	08-12622
VeraSun Litchfield, LLC	08-12623
VeraSun Marketing, LLC	08-12624
VeraSun Ord, LLC	08-12625
VeraSun Reynolds, LLC	08-12626
VeraSun Tilton, LLC	08-12627
VeraSun Welcome, LLC	08-12628
VeraSun Woodbury, LLC	08-12629

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Notes to MOR-1a:

Cash receipts related to intercompany transfers among the debtor entities are not included in this schedule.

Notes to MOR-1b:

All cash disbursements exclude intercompany transfers among the debtor entities.

Notes to MOR-1c:

All amounts listed are the bank balances as of the end of the month.

Notes to MOR-2:

The Income Statement reflects revenue and expenses that directly correspond to the debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records.

Any changes to prior period balances will be reflected in the current Monthly Operating Report (the “MOR”).

Notes to MOR-3:

The Balance Sheet reflects assets, liabilities, and shareholders’ equity that directly correspond to the debtor legal entity except VeraSun Tilton, LLC, which does not maintain separate accounting records. The accounting records of the parent VeraSun Energy Corporation is land owned by VeraSun Tilton, LLC, carried at approximately $4.3 million.

Certain accruals for overhead are recorded monthly at parent VeraSun Energy Corporation and allocated to other debtor entities when paid.

Because the debtor entities file a joint Federal Income Tax return, individual debtor entity balances reflect assets and liabilities that net to the financial statement line on a combined basis.

Intercompany balances subject to compromise and not subject to compromise are shown net by debtor entity.

Any changes to prior period balances will be reflected in the current month MOR.

Notes to MOR-4:

The tax walkforward reflects both pre-petition and post-petition taxes, and the beginning balance for the first MOR (November 2008) reflects accrued taxes as of October 31, 2008

Verasun Energy Corporation and related debtors are current on all post petition payments other than disputes that arise in the ordinary course of business transactions.

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Notes to MOR-5:

The ending third party accounts receivable balances by debtor legal entity are listed on MOR-3, which balances differ from the Accounts Receivable Aging primarily due to the following: (a) certain aged receivables are included in “Prepaid expenses and other assets” on MOR-3 while (b) accrued sales are recorded on MOR-3 but will not be part of the aging until the subsequent month.

Notes to MOR-6:

Payments to insiders exclude intercompany payments between debtor entities.

Notes to MOR-7:

The Debtors have made certain payments on account of prepetition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain prepetition liabilities.

MOR-1a

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Schedule of Cash Receipts

(000’s)

TIME PERIOD:

11/1/2008 - 11/30/2008

(see Notes to the MOR related to MOR-1a)

Debtor	Case Number	Cash Receipts
ASA Albion, LLC	08-12607	$	0
ASA Bloomingburg LLC	08-12608	$	4
ASA Linden, LLC	08-12609	$	2,992
ASA OpCo Holdings, LLC	08-12610	$	3,372
US Bio Marion LLC	08-12611	$	13,138
US BioEnergy Corporation	08-12612	$	355
VeraSun Albert City, LLC	08-12613	$	10,193
VeraSun Aurora Corporation	08-12614	$	9,147
VeraSun BioDiesel, LLC	08-12605	$	0
VeraSun Central City, LLC	08-12615	$	10,275
VeraSun Charles City, LLC	08-12616	$	11,012
VeraSun Dyersville, LLC	08-12617	$	11,276
VeraSun Energy Corporation	08-12606	$	16,859
VeraSun Fort Dodge, LLC	08-12618	$	11,132
VeraSun Granite City, LLC	08-12619	$	0
VeraSun Hankinson, LLC	08-12620	$	8,306
VeraSun Hartley, LLC	08-12621	$	10,310
VeraSun Janesville, LLC	08-12622	$	0
VeraSun Litchfield, LLC	08-12623	$	0
VeraSun Marketing, LLC	08-12624	$	29,003
VeraSun Ord, LLC	08-12625	$	4,561
VeraSun Reynolds, LLC	08-12626	$	12
VeraSun Tilton, LLC	08-12627	$	0
VeraSun Welcome, LLC	08-12628	$	363
VeraSun Woodbury, LLC	08-12629	$	5,159
Total Cash Receipts		$	157,470

MOR-1b

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Schedule of Disbursements

(000’s)

TIME PERIOD:

11/1/2008 - 11/30/2008

Debtor	Case Number	Disbursements
ASA Albion, LLC	08-12607	$	128
ASA Bloomingburg LLC	08-12608	$	0
ASA Linden, LLC	08-12609	$	2,081
ASA OpCo Holdings, LLC	08-12610	$	3,060
US Bio Marion LLC	08-12611	$	4,662
US BioEnergy Corporation	08-12612	$	23
VeraSun Albert City, LLC	08-12613	$	7,900
VeraSun Aurora Corporation	08-12614	$	6,880
VeraSun BioDiesel, LLC	08-12605	$	0
VeraSun Central City, LLC	08-12615	$	5,410
VeraSun Charles City, LLC	08-12616	$	9,219
VeraSun Dyersville, LLC	08-12617	$	5,798
VeraSun Energy Corporation	08-12606	$	15,224
VeraSun Fort Dodge, LLC	08-12618	$	11,784
VeraSun Granite City, LLC	08-12619	$	0
VeraSun Hankinson, LLC	08-12620	$	7,171
VeraSun Hartley, LLC	08-12621	$	8,860
VeraSun Janesville, LLC	08-12622	$	21
VeraSun Litchfield, LLC	08-12623	$	0
VeraSun Marketing, LLC	08-12624	$	10,574
VeraSun Ord, LLC	08-12625	$	2,354
VeraSun Reynolds, LLC	08-12626	$	0
VeraSun Tilton, LLC	08-12627	$	0
VeraSun Welcome, LLC	08-12628	$	470
VeraSun Woodbury, LLC	08-12629	$	4,427
Total Disbursements		$	106,046

MOR-1c

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Bank Account Information

(000’s)

Legal Entity	Case No.	Bank and account description	Bank Account No.	Bank Balance
ASA Albion, LLC	08-12607	First National Bank Omaha - O&M	110118507	$	22
ASA Bloomingburg LLC	08-12608	First National Bank Omaha - O&M	110118497	$	36
ASA Linden, LLC	08-12609	First National Bank Omaha - O&M	110118484	$	1,986
ASA OpCo Holdings, LLC	08-12610	First National Bank Omaha - O&M	110118510	$	312
	08-12610	First National Bank Omaha - FSA	110119647	$	6
	08-12610	First National Bank Omaha - Debt Service	110118617	$	0
US Bio Marion LLC	08-12611	Wells Fargo O&M	4121595540	$	12
	08-12611	Wells Fargo Sweep	4121595540	$	8,569
	08-12611	Bank of America	3755551267	$	0
US BioEnergy Corporation	08-12612	Wells Fargo O&M	4121455620	$	0
	08-12612	Wells Fargo Sweep	4121455620	$	337
	08-12612	Bank of America	3755551199	$	0
VeraSun Albert City, LLC	08-12613	Wells Fargo O&M	4121455646	$	0
	08-12613	Wells Fargo Sweep	4121455646	$	2,303
	08-12613	Bank of America	3755551131	$	0
VeraSun Aurora Corporation	08-12614	First National Bank Omaha - O&M	110197793	$	2,660
VeraSun BioDiesel, LLC	08-12605	First National Bank Omaha - O&M	110193548	$	0
VeraSun Central City, LLC	08-12615	Wells Fargo O&M	4121455661	$	0
	08-12615	Wells Fargo Sweep	4121455661	$	5,176
	08-12615	Bank of America	3755551144	$	0
VeraSun Charles City, LLC	08-12616	First National Bank Omaha - O&M	110211417	$	2,192
VeraSun Dyersville, LLC	08-12617	Wells Fargo O&M	4121455729	$	0
	08-12617	Wells Fargo Sweep	4121455729	$	5,736
	08-12617	Bank of America	3755551160	$	0
VeraSun Energy Corporation	08-12606	Bank of America Payroll	3755551241	$	16
	08-12606	Wilmington Trust	091810-000	$	9,341
	08-12606	First National Bank Omaha - O&M	110193438	$	3,623
	08-12606	First Bank & Trust	1081888	$	664
	08-12606	First National Bank Omaha Money Market	201651766-20	$	1,536
	08-12606	Morgan Stanley	14-78ER2	$	5
VeraSun Fort Dodge, LLC	08-12618	First National Bank Omaha - O&M	110118073	$	510
VeraSun Granite City, LLC	08-12619	First National Bank Omaha - O&M	110211145	$	0
VeraSun Hankinson, LLC	08-12620	Wells Fargo O&M	4121455703	$	0
	08-12620	Wells Fargo Sweep Account	4121455703	$	1,348
	08-12620	Bank of America Account	3755551186	$	0
VeraSun Hartley, LLC	08-12621	First National Bank Omaha - O&M	110210845	$	1,512
VeraSun Janesville, LLC	08-12622	Wells Fargo O&M	4121455711	$	0
	08-12622	Wells Fargo Sweep Account	4121455711	$	20
	08-12622	Bank of America Account	3755551173	$	0
VeraSun Litchfield, LLC	08-12623	NONE	NONE	$	0
VeraSun Marketing, LLC	08-12624	First National Bank Omaha - Revenue	110203784	$	19,134
	08-12624	First National Bank Omaha - O&M	110203690	$	561
VeraSun Ord, LLC	08-12625	Wells Fargo O&M	4121455687	$	0
	08-12625	Wells Fargo Sweep	4121455687	$	2,429
	08-12625	Bank of America	3755551157	$	0
VeraSun Reynolds, LLC	08-12626	First National Bank Omaha - O&M	110211404	$	37
VeraSun Tilton, LLC	08-12627	NONE	NONE	$	0
VeraSun Welcome, LLC	08-12628	First National Bank Omaha - O&M	110203920	$	97
VeraSun Woodbury, LLC	08-12629	Wells Fargo O&M	4121455695	$	0
	08-12629	Wells Fargo Sweep	4121455695	$	790
	08-12629	Bank of America	3755551128	$	0
				$	70,969

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	VeraSun Energy Corporation 08-12606			Aurora 08-12614			Fort Dodge 08-12618			Charles City 08-12616			Bio Diesel 08-12605			Marketing 08-12624			Litchfield 08-12623			Welcome 08-12628			Hartley 08-12621
Net Sales	$	—		$	20,108		$	18,038		$	12,937		$	—		$	101,574		$	—		$	190		$	9,879
Cost of goods sold		—			22,522			20,647			17,975			—			92,858			—			1,393			13,080
Gross profit (loss)		—			(2,414	)		(2,608	)		(5,038	)		—			8,716			—			(1,203	)		(3,201	)
Selling, general and administrative expenses		521			(5	)		(6	)		(6	)		0			553			0			181			2
Long-lived asset impairment		—			—			—			—			—			—			—			—			—
Operating income (loss)		(521	)		(2,409	)		(2,602	)		(5,032	)		(0	)		8,163			(0	)		(1,385	)		(3,203	)
Other income (expense):
Interest expense		(3,573	)		8			—			—			—			(0	)		—			—			—
Interest income		11			—			—			—			—			—			—			1			—
Other income (expense)		0			—			—			—			—			31			—			—			0
Reorganization items, net		(3,139	)		—			—			—			—			—			—			—			—
		(6,701	)		8			—			—			—			31			—			1			0
Income (loss) before income taxes		(7,221	)		(2,401	)		(2,602	)		(5,032	)		(0	)		8,194			(0	)		(1,384	)		(3,203	)
Income tax expense (benefit)		—			—			—			—			—			—			—			—			—
Income (loss) before minority Interest		(7,221	)		(2,401	)		(2,602	)		(5,032	)		(0	)		8,194			(0	)		(1,384	)		(3,203	)
Minority interest in net (gain) loss of subsidiary		—			—			—			—			—			—			—			—			—
Net Income (Loss)	$	(7,221	)	$	(2,401	)	$	(2,602	)	$	(5,032	)	$	(0	)	$	8,194		$	(0	)	$	(1,384	)	$	(3,203	)

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	Granite City 08-12619			Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			VSE-USB 3 Corporate 08-12612			Marion 08-12611			Hankinson 08-12620
Net Sales	$	—		$	—		$	—		$	12,736		$	15,591		$	12,415		$	12		$	1,634		$	7,130
Cost of goods sold		—			—			—			14,392			15,882			14,957			339			4,985			15,221
Gross profit (loss)		—			—			—			(1,657	)		(291	)		(2,541	)		(327	)		(3,351	)		(8,091	)
Selling, general and administrative expenses		0			(477	)		(1	)		166			214			231			14			222			86
Long-lived asset impairment		—			744			—			—			—			—			—			—			—
Operating income (loss)		(0	)		(267	)		1			(1,822	)		(506	)		(2,772	)		(341	)		(3,572	)		(8,177	)
Other income (expense):
Interest expense		—			—			(55	)		213			201			242			(41	)		(876	)		(768	)
Interest income		—			4			—			—			—			—			36			3			1
Other income (expense)		0			—			—			—			—			—			15			—			—
Reorganization items, net		—			—			—			—			—			—			—			—			—
		0			4			(55	)		213			201			242			10			(873	)		(768	)
Income (loss) before income taxes		(0	)		(263	)		(54	)		(1,609	)		(304	)		(2,531	)		(331	)		(4,445	)		(8,945	)
Income tax expense (benefit)		—			—			—			—			—			—			—			—			—
Income (loss) before minority Interest		(0	)		(263	)		(54	)		(1,609	)		(304	)		(2,531	)		(331	)		(4,445	)		(8,945	)
Minority interest in net (gain) loss of subsidiary		—			—			—			—			—			—			—			—			—
Net Income (Loss)	$	(0	)	$	(263	)	$	(54	)	$	(1,609	)	$	(304	)	$	(2,531	)	$	(331	)	$	(4,445	)	$	(8,945	)

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Statement of Operations (Income Statement)

(000’s)

Case Number	Albert City 08-12613			Woodbury 08-12629			Central City 08-12615			Ord 08-12625			Dyersville 08-12617			Janesville 08-12622
Net Sales	$	6,991		$	5,451		$	6,303		$	203		$	4,251		$	—
Cost of goods sold		10,729			8,086			11,911			4,756			8,023			7,473
Gross profit (loss)		(3,738	)		(2,635	)		(5,608	)		(4,553	)		(3,772	)		(7,473	)
Selling, general and administrative expenses		219			136			149			87			149			(544	)
Long-lived asset impairment		—			—			—			—			—			—
Operating income (loss)		(3,957	)		(2,771	)		(5,757	)		(4,641	)		(3,921	)		(6,929	)
Other income (expense):
Interest expense		(625	)		(335	)		(776	)		(383	)		(775	)		(783	)
Interest income		1			0			2			1			2			0
Other income (expense)		—			—			—			—			—			—
Reorganization items, net		—			—			—			—			—			—
		(625	)		(335	)		(774	)		(382	)		(773	)		(783	)
Income (loss) before income taxes		(4,582	)		(3,106	)		(6,531	)		(5,023	)		(4,694	)		(7,712	)
Income tax expense (benefit)		—			—			—			—			—			—
Income (loss) before minority Interest		(4,582	)		(3,106	)		(6,531	)		(5,023	)		(4,694	)		(7,712	)
Minority interest in net (gain) loss of subsidiary		—			—			—			—			—			—
Net Income (Loss)	$	(4,582	)	$	(3,106	)	$	(6,531	)	$	(5,023	)	$	(4,694	)	$	(7,712	)

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	VeraSun Energy Corporation 08-12606			Aurora 08-12614			Fort Dodge 08-12618			Charles City 08-12616			Bio Diesel 08-12605			Marketing 08-12624			Litchfield 08-12623			Welcome 08-12628
Assets
Current Assets
Cash and cash equivalents	$	13,622		$	2		$	5		$	1,610		$	—		$	19,495		$	—		$	38
Restricted cash		1,536			—			—			—			—			—			—			—
Receivables		—			17			—			—			—			58,043			—			—
Inventories		—			7,186			6,502			5,649			—			52,945			—			1,206
Prepaid expenses and other assets		6,180			1,171			2,350			1,380			—			5,217			—			(377	)
Deferred income taxes		3,728			(735	)		(359	)		(198	)		—			(130	)		—			(4	)
Total current assets		25,066			7,641			8,498			8,442			—			135,569			—			863
Other Assets
Debt issuance costs, net of amortization		6,934			—			—			—			—			—			—			—
Other Intangible Assets		—			—			—			—			—			—			—			—
Other Long-Term Assets		2,632			27			—			—			—			3,918			—			—
Investment in subsidiaries		1,450,373			—			—			—			—			—			—			—
Total other assets		1,459,939			27			—			—			—			3,918			—			—
Property and Equipment, net		8,000			104,378			89,779			133,346			235			313			2,741			206,947
Total Assets	$	1,493,005		$	112,046		$	98,277		$	141,789		$	235		$	139,800		$	2,741		$	207,809
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	1,489		$	3,643		$	3,634		$	2,419		$	—		$	9,033		$	—		$	129
Accrued expenses and other liabilities		21,791			706			317			269			—			201			6			158
Debitor in possession financing		25,658			—			—			—			—			—			—			—
Current maturities of long-term debt		—			—			—			—			—			—			—			—
Intercompany (receivable)/payable		(13,397	)		(8,026	)		(8,769	)		(3,536	)		0			49,994			0			431
Total current liabilities		35,541			(3,678	)		(4,817	)		(848	)		0			59,228			6			719
Long-Term Liabilities
Long-term debt, less current maturities		—			—			—			—			—			—			—			—
Deferred income taxes		37,295			23,292			14,328			5,390			(3,722	)		10,448			6,744			(4,841	)
Other long-term liabilities		481			1,431			—			—			—			—			—			—
Total long-term liabilities		37,776			24,723			14,328			5,390			(3,722	)		10,448			6,744			(4,841	)
Total Liabilities Not Subject to Compromise		73,317			21,045			9,511			4,542			(3,722	)		69,675			6,750			(4,123	)
Liabilities Subject to Compromise		737,067			11,882			6,353			11,388			—			29,262			—			9,463
Intercompany (receivable)/payable Subject to Compromise		(781,156	)		(31,683	)		28,811			148,324			1,497			15,645			12,774			220,428
Total Liabilities Subject to Compromise		(44,089	)		(19,800	)		35,164			159,712			1,497			44,907			12,774			229,891
Total liabilities		29,228			1,245			44,675			164,254			(2,225	)		114,583			19,524			225,769
Minority Interest in consolidated subsidiary		—			—			—			—			—			—			—			—
Shareholders’ Equity
Common Stock		1,586			0			20,924			—			—			—			—			—
Additional paid-in capital		1,397,796			25,263			—			—			—			—			—			—
Retained earnings		64,396			85,538			32,678			(22,466	)		2,459			25,217			(16,783	)		(17,959	)
Total Shareholders’ Equity		1,463,777			110,801			53,602			(22,466	)		2,459			25,217			(16,783	)		(17,959	)
Total Liabilities and Shareholders’ Equity	$	1,493,005		$	112,046		$	98,277		$	141,789		$	235		$	139,800		$	2,741		$	207,809

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

VSE-USB 3

Case Number	Hartley 08-12621			Granite City 08-12619			Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			Corporate 08-12612
Assets
Current Assets
Cash and cash equivalents	$	1,519		$	0		$	37		$	319		$	1,986		$	16		$	35		$	341
Restricted cash		—			—			—			—			—			—			—			—
Receivables		—			—			—			15			8,870			8,913			8,925			248
Inventories		6,829			—			—			—			5,005			5,656			4,815			—
Prepaid expenses and other assets		22			0			3			999			1,443			2,478			873			2,640
Deferred income taxes		(2	)		—			(0	)		—			(164	)		(180	)		(33	)		1,865
Total current assets		8,368			0			40			1,333			17,140			16,883			14,614			5,094
Other Assets
Debt issuance costs, net of amortization		—			—			—			—			—			—			—			—
Other Intangible Assets		—			—			—			—			6,403			6,441			6,420			—
Other Long-Term Assets		200			—			—			120			533			745			597			3,725
Investment in subsidiaries		—			—			—			1,837			—			—			—			734,371
Total other assets		200			—			—			1,957			6,935			7,186			7,017			738,096
Property and Equipment, net		199,760			1,760			9,532			—			169,701			171,146			181,164			4,308
Total Assets	$	208,327		$	1,760		$	9,572		$	3,290		$	193,776		$	195,216		$	202,795		$	747,498
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	1,631		$	—		$	4		$	339		$	6,028		$	3,330		$	4,291		$	167
Accrued expenses and other liabilities		218			(19	)		10			690			1,056			639			673			850
Debitor in possession financing		—			—			—			—			—			—			—			—
Current maturities of long-term debt		—			—			—			—			274			199			—			—
Intercompany (receivable)/payable		(3,233	)		—			0			(3,060	)		579			926			1,690			(10	)
Total current liabilities		(1,384	)		(19	)		15			(2,031	)		7,938			5,094			6,653			1,007
Long-Term Liabilities
Long-term debt, less current maturities		—			—			—			—			2,283			4,801			—			—
Deferred income taxes		(7,070	)		(30,115	)		(4,450	)		2,217			(36,111	)		(23,473	)		(26,420	)		(35,358	)
Other long-term liabilities		—			—			—			—			—			—			—			362
Total long-term liabilities		(7,070	)		(30,115	)		(4,450	)		2,217			(33,828	)		(18,672	)		(26,420	)		(34,996	)
Total Liabilities Not Subject to Compromise		(8,454	)		(30,134	)		(4,435	)		186			(25,891	)		(13,578	)		(19,767	)		(33,989	)
Liabilities Subject to Compromise		9,760			0			3,710			576			88,538			89,616			93,150			5,004
Intercompany (receivable)/payable Subject to Compromise		231,698			11,172			89,074			(440,302	)		189,019			167,348			183,042			(37,465	)
Total Liabilities Subject to Compromise		241,458			11,172			92,785			(439,726	)		277,557			256,964			276,192			(32,461	)
Total liabilities		233,005			(18,962	)		88,350			(439,540	)		251,666			243,386			256,425			(66,450	)
Minority Interest in consolidated subsidiary		—			—			—			—			—			—			—			—
Shareholders’ Equity
Common Stock		—			—			—			—			—			—			—			648
Additional paid-in capital		—			—			—			439,626			—			—			—			751,266
Retained earnings		(24,677	)		20,722			(78,778	)		3,204			(57,891	)		(48,171	)		(53,630	)		62,034
Total Shareholders’ Equity		(24,677	)		20,722			(78,778	)		442,830			(57,891	)		(48,171	)		(53,630	)		813,948
Total Liabilities and Shareholders’ Equity	$	208,327		$	1,760		$	9,572		$	3,290		$	193,776		$	195,216		$	202,795		$	747,498

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	Marion 08-12611			Hankinson 08-12620			Albert City 08-12613			Woodbury 08-12629			Central City 08-12615			Ord 08-12625			Dyersville 08-12617			Janesville 08-12622
Assets
Current Assets
Cash and cash equivalents	$	12,220		$	1,288		$	2,304		$	758		$	5,031		$	2,357		$	5,570		$	9
Restricted cash		—			—			—			—			—			—			—			—
Receivables		(59	)		—			(398	)		(1	)		—			(33	)		—			—
Inventories		3,858			4,252			3,284			2,198			3,556			1,888			3,908			205
Prepaid expenses and other assets		238			3,501			977			77			1,679			1,022			183			3
Deferred income taxes		—			—			—			—			—			—			—			—
Total current assets		16,257			9,041			6,167			3,031			10,266			5,234			9,662			218
Other Assets
Debt issuance costs, net of amortization		—			—			—			—			—			—			—			—
Other Intangible Assets		2,411			—			2,500			2,084			—			4,417			—			—
Other Long-Term Assets		250			58			400			92			—			—			—			—
Investment in subsidiaries		—			—			—			—			—			—			—			—
Total other assets		2,661			58			2,900			2,176			—			4,417			—			—
Property and Equipment, net		146,353			175,940			160,377			63,363			177,143			75,739			175,853			147,991
Total Assets	$	165,271		$	185,038		$	169,444		$	68,571		$	187,409		$	85,390		$	185,515		$	148,209
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	475		$	365		$	670		$	1,059		$	1,636		$	2		$	448		$	—
Accrued expenses and other liabilities		1,203			1,181			1,946			1,178			2,001			1,000			1,282			1,078
Debitor in possession financing		—			2,955			2,955			1,478			2,955			1,478			2,955			—
Current maturities of long-term debt		—			—			60			165			207			—			—			—
Intercompany (receivable)/payable		(354	)		(4,584	)		(2,637	)		(3,211	)		(3,233	)		1,409			(1,085	)		105
Total current liabilities		1,324			(83	)		2,994			669			3,566			3,888			3,601			1,183
Long-Term Liabilities
Long-term debt, less current maturities		—			—			185			451			2,996			—			—			—
Deferred income taxes		(19,043	)		8,994			19,299			6,705			50,203			6,668			4,760			(719	)
Other long-term liabilities		—			—			—			—			—			—			—			—
Total long-term liabilities		(19,043	)		8,994			19,484			7,156			53,200			6,668			4,760			(719	)
Total Liabilities Not Subject to Compromise		(17,720	)		8,911			22,478			7,825			56,766			10,556			8,361			464
Liabilities Subject to Compromise		98,331			99,414			76,771			42,789			87,349			45,539			103,353			91,656
Intercompany (receivable)/payable Subject to Compromise		9,257			4,786			(8,486	)		(256	)		(19,133	)		(4,020	)		8,213			1,410
Total Liabilities Subject to Compromise		107,588			104,200			68,286			42,534			68,216			41,519			111,566			93,066
Total liabilities		89,868			113,111			90,763			50,359			124,982			52,075			119,926			93,530
Minority Interest in consolidated subsidiary		—			—			—			—			—			—			—			—
Shareholders’ Equity
Common Stock		—			—			—			—			—			—			—			—
Additional paid-in capital		120,899			110,308			110,272			48,119			104,363			57,911			98,480			83,542
Retained earnings		(45,496	)		(38,381	)		(31,591	)		(29,908	)		(41,936	)		(24,596	)		(32,891	)		(28,864	)
Total Shareholders’ Equity		75,403			71,927			78,681			18,212			62,426			33,315			65,588			54,678
Total Liabilities and Shareholders’ Equity	$	165,271		$	185,038		$	169,444		$	68,571		$	187,409		$	85,390		$	185,515		$	148,209

MOR-4

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Status of Post-petition Taxes

(000’s)

Verasun Energy Corporation et al.	Beginning Tax Liability			Amount Withheld or Accrued			Amount Paid		Ending Tax Liability
Payroll taxes	$	(537	)	$	(1,076	)	$	1,612	$	0
Real Estate and Personal Property	$	(3,394	)	$	(344	)	$	2	$	(3,736	)
Sales and Use	$	(448	)	$	(111	)	$	74	$	(485	)
Other		(339	)		(1,068	)		1,017	$	(390	)
Total Taxes	$	(4,717	)	$	(2,599	)	$	2,705	$	(4,611	)

MOR-5

In re Verasun Energy Corporation et al.

Case No.	08-12606
Reporting Period:	November 30, 2008

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

(000’s)

Accounts Receivable Aging	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
0 - 30 days old	$	81,486							$	81,486
31 - 60 days old			$	2,848					$	2,848
61 - 90 days old					$	284			$	284
91+ days old							$	826	$	826
Total Accounts Receivable	$	81,486	$	2,848	$	284	$	826	$	85,444

MOR-6

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Payments to Insiders and Professional

(000’s)

Of the total disbursements shown on the Schedule of Disbursements Report (MOR-1b) list the amount paid to insiders (as defined in Section 101(31) (A)-(F) of the U.S. Bankruptcy Code) and to professionals. For payments to insiders, identify the type of compensation paid (e.g. Salary, Bonus, Commissions, Insurance, Housing Allowance, Travel, Car Allowance, Etc.). Attach additional sheets if necessary.

Insiders

Name	Amount Paid During Month		Total Paid to Date
Barry Schaps, Senior Vice President, Sales and Logistics	$	35	$	35
Bryan D. Meier, Vice President, Finance and Chief Accounting Officer	$	21	$	21
Danny Herron, President and Chief Financial Officer*	$	107	$	107
Donald L. Endres, Chief Executive Officer and Director	$	38	$	38
Joel West, Vice President, Commodity Management	$	16	$	16
Mark D. Dickey, Senior Vice President, General Counsel, and Corporate Secretary	$	21	$	21
Paul J. Caudill, Senior Vice President, Operations	$	23	$	23
Robert L. Antoine, Jr., Senior Vice President, Human Resources	$	20	$	20
Virg Garbers, Vice President and Corporate Controller	$	12	$	12
William L. Honnef, Senior Vice President, Sales and Marketing and Strategic Initiatives	$	32	$	32
Total Payments to Insiders	$	325	$	325
*  Includes cash payment of accrued vacation upon termination on November 11, 2008. Professionals
Name	Amount Paid During Month		Total Paid to Date
NONE	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
	$	0	$	0
Total Payments to Professionals	$	0	$	0
Post Petition Secured Notes Adequate Protection Payments
Name of Creditor	Amount Paid During Month		Total Paid to Date
AgStar Financial Services - Albert City	$	80	$	80
AgStar Financial Services - Central City	$	353	$	353
AgStar Financial Services - Ord	$	180	$	180
AgStar Financial Services - Woodbury	$	39	$	39
AgStar Financial Services - Hankinson	$	120	$	120
First Bank and Trust - Marion	$	40	$	40
Dougherty Funding	$	590	$	590
Total Payments	$	1,401	$	1,401

MOR-7

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

Debtor Questionnaire

	Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes	No
1	Have any assets been sold or transferred outside the normal course of business this reporting period?		X
2	Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
3	Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
4	Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
5	Is the Debtor delinquent in paying any insurance premium payment?		X
6	Have any payments been made on pre-petition liabilities this reporting period?	X*
7	Are any post petition receivables (accounts, notes or loans) due from related parties?		X
8	Are any post petition payroll taxes past due?		X
9	Are any post petition State or Federal income taxes past due?		X
10	Are any post petition real estate taxes past due?		X
11	Are any other post petition taxes past due?		X
12	Have any pre-petition taxes been paid during this reporting period?		X
13	Are any amounts owed to post petition creditors delinquent?		X
14	Are any wage payments past due?		X
15	Have any post petition loans been received by the Debtor from any party?		X
16	Is the Debtor delinquent in paying any U.S. Trustee fees?		X
17	Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
18	Have the owners or shareholders received any compensation outside of the normal course of business?		X

* The Debtors have made certain payments on account of prepetition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain prepetition liabilities.

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	November 30, 2008
Federal Tax I.D. #	20-3430241

If additional information is required for the current or any future Monthly Operating Reports, please send the request to:

Verasun Energy Corporation

110 N. Minnesota Ave.

Suite 300

Sioux Falls, SD 57104

Attn: Jim Bonsall