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): February 27, 2009

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 February 27, 2009, 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 January 31, 2009 (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.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Monthly Operating Report for the month ended January 31, 2009

Forward-Looking Statements

This Current Report on Form 8-K contains 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. In particular, statements by the Company regarding its chapter 11 reorganization process, as well as other statements of management’s 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, including requirements to sell assets within mandated deadlines; 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 ability of the Company to continue to fund operations based upon future revenues and liquidity constraints set forth in existing debtor-in-possession financings and cash collateral orders; 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.

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: February 27, 2009	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 January 31, 2009

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:	January 31, 2009
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	2/26/09
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:	January 31, 2009
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:	January 31, 2009
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Notes to MOR-1a:

Cash receipts related to intercompany transfers among the various debtor entities jointly administered under case number 08-12606 (each a “Debtor” and, collectively, the “Debtors”) are not included in this schedule except transfers of funding from VeraSun Energy Corporation (“VEC”) and ASA Opco Holdings, LLC (“ASA Opco”) to subsidiary Debtor entities and transfers of payments from VeraSun Marketing, LLC (“VeraSun Marketing”) to other VeraSun legacy Debtor entities.

Notes to MOR-1b:

All cash disbursements exclude intercompany transfers among the debtor entities except transfers of funding from VEC and ASA OpCo to subsidiary debtor entities and transfers of payments from VeraSun Marketing to other VeraSun legacy 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 Statement of Operations (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.

The Statement of Operations (Income Statement) reflects “mark to market” adjustments for corn contracts outstanding at debtor entity facilities that were in “hot idle” rather than production. In certain cases, this may result in negative “Cost of Goods Sold” for December 2008 as shown on MOR-2.

Any changes to prior period income/expense amounts 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 VEC is land owned by VeraSun Tilton, LLC, carried at approximately $4.3 million.

On January 7, 2009, the Bankruptcy Court entered the Order Under 11 U.S.C. §§ 105 and 363 Approving Procedures to Sell Certain De Minimis Assets Free and Clear of Liens Claims, and Encumbrances Without Further Order of the Court (Docket No. 453). Pursuant to paragraph 2 of the De Minimis Asset Sale Order, the Debtors are required to disclose all de minimis asset sales with an aggregate sale price of less than $50,000 (the “Level 1 Sales”) consummated during any given month in their MOR. During the month of January, the Debtors consummated the following Level 1 Sales:

• On January 8, 2009, the Debtors and CHS, Inc. signed a letter of Agreement for the Debtors to sell all of the furniture, fixtures, equipment and other personal property located on the real property leased to the Debtors in Inver Grove Heights, Minnesota for a total purchase price of $35,000. The bill of sale effectuating the transfer of these assets was executed on January 13, 2009 and the purchase price was applied to reduce December rent due under that certain lease rejected by the Debtors effective as of December 31, 2008 (see Docket No. 362).

• On January 23, 2009, debtor VEC consummated the sale of property adjacent to the ethanol plant in Albion, NE for an aggregate purchase price of $38,000.

Certain accruals are recorded monthly at parents VEC, ASA OpCo, and US BioEnergy Corporation and allocated to other debtor entities when paid.

MOR NOTES

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
Federal Tax I.D. #	20-3430241

Notes to the Monthly Operating Report

Because the debtor entities file a joint Federal Income Tax return, individual debtor entity balances would reflect assets and liabilities that net to the financial statement line on a combined basis. However, VEC recorded a full valuation allowance against deferred tax assets and liabilities; thus, these captions do not appear on MOR-3 as of January 31, 2009.

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

In accordance with Statements of Financial Accounting Standards 144, “Accounting for the Impairment or Disposal of Long-Lived Assets”, VEC is in process of performing an impairment evaluation of its other identifiable intangible assets and all its long-lived assets as of the end of fiscal 2008 due to factors deemed by management to have constituted an impairment triggering event. Consistent with management’s evaluation during the second and third quarters of fiscal 2008, the triggering event was the declining gross margins leading to substantial net loss and management’s decision to file for voluntary Chapter 11 Bankruptcy protection on October 31, 2008. The impact of this impairment evaluation on the balances that appear on MOR-3, if any, will not be completed in time for inclusion in the filing of the January 31, 2009 MOR.

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

Notes to MOR-4:

The tax walk forward reflects both pre-petition and post-petition taxes, and the beginning balance for this MOR (January 31, 2009) reflects accrued taxes as of October 31, 2008.

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

Notes to MOR-5:

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 on the line “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 debtor entities have made certain payments on account of pre-petition liabilities in accordance with orders of the Bankruptcy Court specifically authorizing payment of certain pre-petition liabilities.

Debtor entities from time to time have sold product to insider CHS, Inc and to its 100% owned subsidiary Provista LLC.

VEC and related debtor entities entered into Debtor-in-possession (DIP) loans and have made required draws against the DIP loans.

MOR-1a

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
Federal Tax I.D. #	20-3430241

Schedule of Cash Receipts

(000’s)

TIME PERIOD:

1/1/2009 - 1/31/2009

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

Debtor	Case Number	Cash Receipts
ASA Albion, LLC	08-12607	$	2,486
ASA Bloomingburg., LLC	08-12608		2,464
ASA Linden, LLC	08-12609		416
ASA OpCo Holdings, LLC (a)	08-12610		(2,980	)
US Bio Marion, LLC	08-12611		100
US BioEnergy Corporation (b)	08-12612		(253	)
VeraSun Albert City, LLC	08-12613		2,424
VeraSun Aurora Corporation	08-12614		24,738
VeraSun BioDiesel, LLC	08-12605		—
VeraSun Central City, LLC	08-12615		3,601
VeraSun Charles City, LLC	08-12616		22,006
VeraSun Dyersville, LLC	08-12617		1,749
VeraSun Energy Corporation (a)	08-12606		(5,554	)
VeraSun Fort Dodge, LLC	08-12618		22,301
VeraSun Granite City, LLC	08-12619		—
VeraSun Hankinson, LLC	08-12620		1,571
VeraSun Hartley, LLC	08-12621		22,372
VeraSun Janesville, LLC	08-12622		466
VeraSun Litchfield, LLC	08-12623		—
VeraSun Marketing, LLC	08-12624		20,726
VeraSun Ord, LLC	08-12625		704
VeraSun Reynolds, LLC	08-12626		273
VeraSun Tilton, LLC	08-12627		—
VeraSun Welcome, LLC	08-12628		341
VeraSun Woodbury, LLC	08-12629		464
Total Cash Receipts		$	120,415

(a) Funding received in prior period(s) that are moved to debtor entitity subsidiaries in January 2009.

(b) Funds received in prior month that belonged to VeraSun Marketing, LLC were transferred to VeraSun Marketing, LLC in January 2009.

MOR-1b

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
Federal Tax I.D. #	20-3430241

Schedule of Disbursements

(000’s)

TIME PERIOD:

1/1/2009 - 1/31/2009

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

Debtor	Case Number	Disbursements
ASA Albion, LLC	08-12607	$	2,738
ASA Bloomingburg, LLC	08-12608		2,748
ASA Linden, LLC	08-12609		524
ASA OpCo Holdings, LLC (a)	08-12610		(2,355	)
US Bio Marion, LLC	08-12611		1,971
US BioEnergy Corporation	08-12612		32
VeraSun Albert City, LLC	08-12613		1,432
VeraSun Aurora Corporation	08-12614		26,802
VeraSun BioDiesel, LLC	08-12605		—
VeraSun Central City, LLC	08-12615		1,209
VeraSun Charles City, LLC	08-12616		22,170
VeraSun Dyersville, LLC	08-12617		1,387
VeraSun Energy Corporation (a)	08-12606		(2,841	)
VeraSun Fort Dodge, LLC	08-12618		23,082
VeraSun Granite City, LLC	08-12619		—
VeraSun Hankinson, LLC	08-12620		1,193
VeraSun Hartley, LLC	08-12621		21,518
VeraSun Janesville, LLC	08-12622		293
VeraSun Litchfield, LLC	08-12623		—
VeraSun Marketing, LLC (b)	08-12624		(323	)
VeraSun Ord, LLC	08-12625		599
VeraSun Reynolds, LLC	08-12626		7
VeraSun Tilton, LLC	08-12627		—
VeraSun Welcome, LLC	08-12628		364
VeraSun Woodbury, LLC	08-12629		1,114
Total Disbursements		$	103,662

(a) Intercompany disbursements of funding not offset in prior period against debtor entitity subsidiaries’ corresponding receipts.

(b) Correction offset to prior intercompany revenue incorrectly reflected as a separate disbursement.

MOR-1c

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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	$	48
ASA Bloomingburg, LLC	08-12608	First National Bank Omaha - O&M	110118497		233
ASA Linden, LLC	08-12609	First National Bank Omaha - O&M	110118484		64
ASA OpCo Holdings, LLC	08-12610	First National Bank Omaha - O&M	110118510		645
	08-12610	First National Bank Omaha - FSA	110119647		—
	08-12610	First National Bank Omaha - Debt Service	110118617		—
US Bio Marion, LLC (a)	08-12611	Bank of America	3755551267		97
	08-12611	First Bank and Trust	1100101471		4,491
US BioEnergy Corporation	08-12612	Bank of America	3755551199		94
	08-12612	Bank of America	3755551209		—
VeraSun Albert City, LLC	08-12613	Bank of America	3755551131		1,880
VeraSun Aurora Corporation	08-12614	First National Bank Omaha - O&M	110197793		2,277
VeraSun BioDiesel, LLC	08-12605	First National Bank Omaha - O&M	110193548		—
VeraSun Central City, LLC	08-12615	Bank of America	3755551144		3,926
VeraSun Charles City, LLC	08-12616	First National Bank Omaha - O&M	110211417		1,078
VeraSun Dyersville, LLC	08-12617	Bank of America	3755551160		2,702
VeraSun Energy Corporation	08-12606	First National Bank Omaha - O&M	110193438		795
	08-12606	Bank of America Utility Account	3755551429		3,641
	08-12606	Bank of America DIP Account	3755551461		9,860
	08-12606	Bank of America Payroll	3755551241		8
	08-12606	Wilmington Trust	091810-000		—
	08-12606	First Bank & Trust	1081888		6
	08-12606	First National Bank Omaha Money Market	201651766-20		1,539
	08-12606	Morgan Stanley	14-78ER2		5
VeraSun Fort Dodge, LLC	08-12618	First National Bank Omaha - O&M	110118073		753
VeraSun Granite City, LLC	08-12619	First National Bank Omaha - O&M	110211145		1
VeraSun Hankinson, LLC	08-12620	Bank of America Account	3755551186		1,286
VeraSun Hartley, LLC	08-12621	First National Bank Omaha - O&M	110210845		971
VeraSun Janesville, LLC	08-12622	Bank of America	3755551173		186
VeraSun Litchfield, LLC	08-12623	NONE	NONE		—
VeraSun Marketing, LLC	08-12624	First National Bank Omaha - Revenue	110203784		90,061
	08-12624	First National Bank Omaha - O&M	110203690		989
	08-12624	Bank of America Transportation Vendor	3755551270		—
	08-12624	Bank of America Marketing Payroll	3755551254		—
VeraSun Ord, LLC	08-12625	Bank of America	3755551157		1,310
VeraSun Reynolds, LLC	08-12626	First National Bank Omaha - O&M	110211404		303
VeraSun Tilton, LLC	08-12627	NONE	NONE		—
VeraSun Welcome, LLC	08-12628	First National Bank Omaha - O&M	110203920		7
VeraSun Woodbury, LLC	08-12629	Bank of America	3755551128		1,323
				$	130,579

(a) Dougherty & Company LLC maintains in its name an escrow account set up to fund construction of the Marion plant. Balance in this escrow a/c at January 31, 2009 was $3.846 million

MOR-2 In re Verasun Energy Corporation et al.
Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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 Revenue	$	—		$	18,704		$	17,909		$	18,823		$	—		$	72,733		$	—		$	—		$	19,190
Cost of goods sold		82			19,211			19,872			19,613			—			70,378			—			839			18,767
Gross profit (loss)		(82	)		(507	)		(1,963	)		(790	)		—			2,356			—			(839	)		424
Selling, general and administrative expenses		(1,065	)		190			190			187			—			211			1			317			216
Long-lived asset impairment		—			—			—			—			—			—			—			—			—
Operating income (loss)		983			(697	)		(2,153	)		(977	)		—			2,144			(1	)		(1,156	)		207
Other income (expense):
Interest expense		(4,650	)		8			—			—			—			—			—			—			—
Interest income		1			1			—			—			—			—			—			—			—
Other income (expense)		(1	)		—			—			—			—			80			—			—			—
Reorganization items, net		(1,670	)		(139	)		(139	)		(138	)		—			(20	)		—			(5	)		(126	)
		(6,319	)		(130	)		(139	)		(138	)		—			60			—			(5	)		(126	)
Income (loss) before income taxes		(5,336	)		(827	)		(2,292	)		(1,114	)		—			2,204			(1	)		(1,161	)		81
Income tax expense (benefit)		(30,323	)		(24,027	)		(14,687	)		(5,588	)		3,722			(10,578	)		(6,743	)		4,837			7,068
Net income (loss)	$	24,987		$	23,200		$	12,395		$	4,474		$	(3,722	)	$	12,782		$	6,742		$	(5,998	)	$	(6,987	)

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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 Corporate 08-12612			Marion 08-12611			Hankinson 08-12620
Net Revenue	$	—		$	—		$	—		$	510		$	469		$	741		$	—		$	—		$	695
Cost of goods sold		—			—			—			1,601			2,703			1,647			(51	)		4,382			3,194
Gross profit (loss)		—			—			—			(1,091	)		(2,234	)		(906	)		51			(4,382	)		(2,499	)
Selling, general and administrative expenses		—			23			414			92			91			93			(377	)		142			162
Long-lived asset impairment		—			—			—			—			—			—			—			—			—
Operating income (loss)		—			(23	)		(414	)		(1,183	)		(2,325	)		(998	)		428			(4,524	)		(2,661	)
Other income (expense):
Interest expense		—			—			(233	)		(614	)		(627	)		(602	)		63			(645	)		(789	)
Interest income		—			—			—			—			—			—			—			—			—
Other income (expense)		—			—			—			—			—			—			—			—			—
Reorganization items, net		—			—			(148	)		(41	)		(41	)		(41	)		63			(96	)		(1,537	)
		—			—			(381	)		(655	)		(667	)		(642	)		125			(741	)		(2,326	)
Income (loss) before income taxes		—			(23	)		(795	)		(1,839	)		(2,993	)		(1,641	)		553			(5,265	)		(4,987	)
Income tax expense (benefit)		30,116			4,450			(2,217	)		36,788			24,133			27,247			(4,198	)		19,043			(5,853	)
Net income (loss)	$	(30,116	)	$	(4,473	)	$	1,422		$	(38,627	)	$	(27,126	)	$	(28,888	)	$	4,751		$	(24,308	)	$	866

MOR-2

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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 Revenue	$	1,599		$	630		$	2,419		$	496		$	1,935		$	—
Cost of goods sold		3,114			2,420			4,385			2,016			3,880			1,680
Gross profit (loss)		(1,515	)		(1,790	)		(1,966	)		(1,519	)		(1,945	)		(1,680	)
Selling, general and administrative expenses		148			108			148			98			179			226
Long-lived asset impairment		—			10			—			—			—			—
Operating income (loss)		(1,663	)		(1,908	)		(2,115	)		(1,617	)		(2,124	)		(1,906	)
Other income (expense):
Interest expense		(731	)		(404	)		(498	)		(363	)		(705	)		(369	)
Interest income		—			—			—			—			—			—
Other income (expense)		—			—			—			—			—			—
Reorganization items, net		(1,358	)		(805	)		(731	)		(616	)		(897	)		(90	)
		(2,089	)		(1,210	)		(1,229	)		(980	)		(1,602	)		(460	)
Income (loss) before income taxes		(3,752	)		(3,118	)		(3,344	)		(2,596	)		(3,726	)		(2,366	)
Income tax expense (benefit)		(13,400	)		(6,306	)		(19,604	)		(5,292	)		(4,777	)		702
Net income (loss)	$	9,648		$	3,188		$	16,260		$	2,696		$	1,051		$	(3,068	)

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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	$	9,955		$	24		$	3		$	4		$	—		$	90,917	$	—		$	1
Restricted cash		5,180			—			—			—			—			—		—			—
Receivables		—			—			—			—			—			36,060		—			—
Inventories		—			8,672			7,833			8,002			—			46,315		—			1,209
Prepaid expenses and other assets		6,966			2,152			1,088			2,957			—			3,702		—			32
Total current assets		22,101			10,848			8,924			10,963			—			176,994		—			1,243
Other Assets
Other Intangible Assets		—			—			—			—			—			—		—			—
Other Long-Term Assets		2,632			27			—			1,513			—			3,032		—			—
Investment in subsidiaries		1,450,373			—			—			—			—			—		—			—
Total other assets		1,453,005			27			—			1,513			—			3,032		—			—
Property and Equipment, net		7,793			102,643			88,932			128,752			235			313		2,741			205,258
Total Assets	$	1,482,900		$	113,517		$	97,857		$	141,228		$	235		$	180,339	$	2,741		$	206,501
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable		83			3,523			1,435			2,276			—			4,520		—			96
Accrued expenses and other liabilities		13,992			767			418			1,077			—			313		—			166
Debitor in possession financing		196,540			—			—			—			—			—		—			—
Intercompany (receivable)/payable		(62,953	)		(3,860	)		(3,442	)		(676	)		1			91,562		19			926
Total current liabilities		147,662			430			(1,589	)		2,676			1			96,395		19			1,188
Long-Term Liabilities
Other long-term liabilities		3,715			—			—			375			—			—		—			—
Total long-term liabilities		3,715			—			—			375			—			—		—			—
Total Liabilities Not Subject to Compromise		151,377			430			(1,589	)		3,051			1			96,395		19			1,188
Liabilities Subject to Compromise		629,864			10,711			4,323			10,442			—			56,261		—			9,286
Intercompany (receivable)/payable Subject to Compromise		(781,156	)		(31,687	)		29,291			148,376			1,497			10,480		12,774			220,428
Total Liabilities Subject to Compromise		(151,292	)		(20,976	)		33,615			158,818			1,497			66,741		12,774			229,714
Total liabilities		85			(20,546	)		32,025			161,869			1,498			163,136		12,793			230,902
Shareholders’ Equity
Common Stock		1,581			0			20,924			—			—			—		—			—
Additional paid-in capital		1,406,878			25,263			—			—			—			—		—			—
Retained earnings		74,355			108,800			44,907			(20,641	)		(1,263	)		17,203		(10,052	)		(24,402	)
Total Shareholders’ Equity		1,482,814			134,063			65,831			(20,641	)		(1,263	)		17,203		(10,052	)		(24,402	)
Total Liabilities and Shareholders’ Equity	$	1,482,900		$	113,517		$	97,857		$	141,228		$	235		$	180,339	$	2,741		$	206,501

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
Federal Tax I.D. #	20-3430241

Balance Sheet

(000’s)

Case Number	Hartley 08-12621			Granite City 08-12619			Reynolds 08-12626			Opco 08-12610			Linden 08-12609			Albion 08-12607			Bloomingburg 08-12608			VSE-USB Corporate 08-12612
Assets
Current Assets
Cash and cash equivalents	$	865		$	—		$	302		$	635		$	27		$	1		$	—		$	58
Restricted cash		—			—			—			—			—			—			—			—
Receivables		—			—			—			—			6,956			9,003			7,718			180
Inventories		7,658			—			—			—			3,959			3,632			3,503			—
Prepaid expenses and other assets		2,008			—			2			612			1,590			2,540			297			4,799
Total current assets		10,531			—			304			1,246			12,533			15,176			11,518			5,037
Other Assets
Other Intangible Assets		—			—			—			—			6,346			6,384			6,364			—
Other Long-Term Assets		200			—			—			—			1,196			563			613			729
Investment in subsidiaries		—			—			—			1,837			—			—			—			734,371
Total other assets		200			—			—			1,837			7,542			6,947			6,977			735,099
Property and Equipment, net		198,406			1,760			7,749			—			166,377			169,405			179,609			3,373
Total Assets	$	209,137		$	1,760		$	8,053		$	3,084		$	186,452		$	191,528		$	198,104		$	743,510
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable		1,941			—			9			294			324			471			(305	)		111
Accrued expenses and other liabilities		288			—			—			615			3,473			4,301			3,146			1,310
Debitor in possession financing		—			—			—			10,000			—			—			—			—
Intercompany (receivable)/payable		(1,579	)		(19	)		2			(10,277	)		1,450			2,919			4,953			(327	)
Total current liabilities		649			(19	)		11			631			5,248			7,691			7,794			1,094
Long-Term Liabilities
Other long-term liabilities		—			—			—			—			—			—			—			—
Total long-term liabilities		—			—			—			—			—			—			—			—
Total Liabilities Not Subject to Compromise		649			(19	)		11			631			5,248			7,691			7,794			1,094
Liabilities Subject to Compromise		10,571			—			3,746			441			92,918			94,435			93,724			4,953
Intercompany (receivable)/payable Subject to Compromise		231,698			11,172			89,074			(440,302	)		189,019			167,348			183,042			(78,845	)
Total Liabilities Subject to Compromise		242,269			11,172			92,820			(439,860	)		281,937			261,783			276,766			(73,892	)
Total liabilities		242,919			11,153			92,831			(439,229	)		287,184			269,474			284,560			(72,798	)
Shareholders’ Equity
Common Stock		—			—			—			—			—			—			—			648
Additional paid-in capital		—			—			—			439,626			—			—			—			751,266
Retained earnings		(33,782	)		(9,393	)		(84,779	)		2,687			(100,732	)		(77,946	)		(86,456	)		64,394
Total Shareholders’ Equity		(33,782	)		(9,393	)		(84,779	)		442,313			(100,732	)		(77,946	)		(86,456	)		816,308
Total Liabilities and Shareholders’ Equity	$	209,137		$	1,760		$	8,052		$	3,084		$	186,452		$	191,528		$	198,104		$	743,510

MOR-3

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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	$	4,477		$	1,244		$	1,834		$	1,288		$	3,909		$	1,278		$	2,673		$	181
Restricted cash		3,846			—			—			—			—			—			—			—
Receivables		133			106			285			1,048			1,103			48			440			—
Inventories		3,852			4,622			3,038			1,238			2,066			1,431			2,284			394
Prepaid expenses and other assets		963			2,010			1,250			191			631			803			1,099			4,890
Total current assets		13,271			7,983			6,407			3,766			7,709			3,560			6,495			5,465
Other Assets
Other Intangible Assets		—			—			—			—			—			—			—			—
Other Long-Term Assets		6			58			380			89			—			—			1,977			—
Investment in subsidiaries		—			—			—			—			—			—			—			—
Total other assets		6			58			380			89			—			—			1,977			—
Property and Equipment, net		146,101			174,202			157,731			62,544			174,028			75,018			171,725			147,015
Total Assets	$	159,378		$	182,242		$	164,518		$	66,398		$	181,738		$	78,577		$	180,197		$	152,480
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable		309			215			461			464			170			140			320			116
Accrued expenses and other liabilities		1,142			983			982			408			2,015			1,748			850			1,425
Debitor in possession financing		—			19,015			17,493			12,495			11,368			7,235			12,940			2,144
Intercompany (receivable)/payable		(606	)		(4,955	)		(5,581	)		(3,831	)		(2,460	)		409			(1,809	)		136
Total current liabilities		846			15,258			13,354			9,536			11,093			9,532			12,300			3,821
Long-Term Liabilities
Other long-term liabilities		—			—			—			—			—			—			—			—
Total long-term liabilities		—			—			—			—			—			—			—			—
Total Liabilities Not Subject to Compromise		846			15,258			13,354			9,536			11,093			9,532			12,300			3,821
Liabilities Subject to Compromise		100,949			87,158			64,796			34,358			79,884			38,794			92,548			93,848
Intercompany (receivable)/payable Subject to Compromise		9,257			8,527			8			820			11,543			(1,786	)		8,060			1,363
Total Liabilities Subject to Compromise		110,207			95,685			64,803			35,178			91,426			37,008			100,608			95,211
Total liabilities		111,052			110,943			78,157			44,714			102,519			46,540			112,908			99,032
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		(72,573	)		(39,008	)		(23,911	)		(26,435	)		(25,145	)		(25,874	)		(31,191	)		(30,094	)
Total Shareholders’ Equity		48,326			71,300			86,361			21,684			79,218			32,037			67,289			53,448
Total Liabilities and Shareholders’ Equity	$	159,378		$	182,242		$	164,518		$	66,398		$	181,738		$	78,577		$	180,197		$	152,480

MOR-4

In re Verasun Energy Corporation et al.

Case No. (Jointly Administered)	08-12606
Reporting Period:	January 31, 2009
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	$	(0	)	$	(1,151	)	$	1,151	$	—
Real Estate and Personal Property		(6,962	)		(1,037	)		—		(7,999	)
Sales and Use		(593	)		(127	)		102		(618	)
Other		(351	)		(325	)		21		(655	)
Total Taxes	$	(7,906	)	$	(2,640	)	$	1,274	$	(9,272	)

MOR-5

In re Verasun Energy Corporation et al.

Case No.	08-12606
Reporting Period:	January 31, 2009

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	$	39,637							$	39,637
31 - 60 days old			$	14,576					$	14,576
61 - 90 days old					$	8,738			$	8,738
91+ days old							$	1,478	$	1,478
Total Accounts Receivable	$	39,637	$	14,576	$	8,738	$	1,478	$	64,429

MOR-6

In re Verasun Energy Corporation et al.
	Case No. (Jointly Administered)	08-12606
	Reporting Period:	January 31, 2009
	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	$	—	$	39
Bryan D. Meier, Vice President, Finance and Chief Accounting Officer		21		62
Danny Herron, President and Chief Financial Officer		—		107
Donald L. Endres, Chief Executive Officer and Director		38		115
Duane Gilliam, Board Director		17		17
Jack Huggins, Board Director		18		18
James Dauwalter, Board Director		15		15
Joel West, Vice President, Commodity Management		13		43
Mark D. Dickey, Senior Vice President, General Counsel, and Corporate Secretary		21		65
Paul J. Caudill, Senior Vice President, Operations		65		111
Paul Schock, Board Director		15		15
Robert L. Antoine, Jr., Senior Vice President, Human Resources		20		60
Steven Kirby, Board Director		17		17
Virg Garbers, Vice President and Corporate Controller		12		36
William L. Honnef, Senior Vice President, Sales and Marketing and Strategic Initiatives		31		89
CHS, Inc., Shareholder (a)		20		67
Total Payments to Insiders	$	322	$	874

(a) Payment of pre-petition corn sold to Ord.

Professionals

Name	Amount Paid During Month		Total Paid to Date
AP Services, LLP	$	1,051	$	3,113
Total Payments to Professionals	$	1,051	$	3,113

Post Petition Secured Notes Adequate Protection Payments

Name of Creditor	Amount Paid During Month		Total Paid to Date
AgStar Financial Services - Albert City	$	16	$	1,158
AgStar Financial Services - Central City		10		1,129
AgStar Financial Services - Dyersville		10		1,470
AgStar Financial Services - Ord		5		577
AgStar Financial Services - Woodbury		288		564
AgStar Financial Services - Hankinson		18		1,033
AgStar Financial Services - Janesville		1		1
9 7/8% senior secured notes due 2012		5,286		10,326
UBS		—		1,337
Dougherty Funding		593		1,769
First Bank and Trust - Marion		103		143
Total Payments	$	6,330	$	19,507

MOR-7

In re Verasun Energy Corporation et al.
	Case No. (Jointly Administered)	08-12606
	Reporting Period:	January 31, 2009
	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:	January 31, 2009
	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