April 12, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims 

Also available on the Web (with links to the news stories)  at:  http://bkinformation.com/News/DailyNews.htm

         
Power Utilities:

S&P doubts credit ratings will improve soon for SoCal
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Judge Puts PUC's Court Duel With Utility on Hold  

Failure to Buy Entire Network May Doom Davis' Power Deal
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Judge orders Enron to give Calif. universities power
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PG&E Partial Tax Payment Won't Impact Ratings
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Different Ways Of Coping for PG&E, Edison / It may take years to determine if bailout or bankruptcy was wisest  

PG&E's Money Transfers Focused On
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California ISO frets about transmission in wake of utility reorganization
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Two Energy Rulings Are Bad News for State
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Calif. Governor Signs Two Energy Efficiency Bills
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PG&E bankruptcy renews focus on billions utility transferred

EPA Seeks Dismissal of Power Utilities' Suit Court Challenge of Decision to Order Lower Mercury Emissions Termed Premature
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A Light in the Tunnel?
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BMO, CIBC feel heat over California utilities
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NRG Comments on PG&E Chapter 11 Filing
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States say federal government needs to act to stem energy crisis
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Federal regulators may soon begin monitoring electricity market

PG&E Leaves County Coffers On Light Side / Bankruptcy halves tax payments  

Generators set aside reserves for California crisis
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Cracks Seen in Resistance to Energy Price Caps
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Energy Cost Study Critical of Public Agencies Too
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  Visiting judge rankles Delaware bankruptcy court
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Bridge:

Bridge Receives Three More Bids
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Reuters submits bid for some Bridge assets
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Dotcoms:

When Dot-Coms Tank, Who Gets the Desks?
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TRUSTe says merging, bankrupt firms must honor privacy
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Kozmo Shuts Down Web Site
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Loudeye closes operations, lays off 135
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Musicbank calls it quits
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B2B exchanges fail to deliver 

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US car industry in spiral of decline, says expert
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Consumers dig perilously deep into debt
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Arizona: Bankruptcy filings way up in state
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Amid slowdown in economy, bankruptcy filings on the rise

Chicago Trading Firm Files for Bankruptcy
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Power Utilities (cont.):

Leadership in Power Crisis
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Houston Firm's Bid to Quit Selling Power to California Colleges Is Blocked
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Markets indicate even higher prices for summer power
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Impact of Edison Deal Hard to Assess
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S&P Affirms PG&E-1 Stranded Cost ABS
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Power Crisis: Fog Begins to Lift
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Berkeley Plant Sues PG&E Over Unpaid Bills  

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New Bankruptcy Opinions
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Heilig-Meyers Will Close Namesake Stores
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LTV To Close Cleveland Steel Mill
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Auditors Question Krause's Viability
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PinPoint misses the mark, files for bankruptcy
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Roanoke: Companies file involuntary petition, claim Business Service Associates embezzled money
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Mainers scramble for debt protection
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Struggling To Avoid Bankruptcy, Chiquita Jumps on Banana War Truce
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Judge tells jurors in Brennan bankruptcy fraud trial to keep deliberating
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Privacy group issues guidelines on bankruptcy and privacy practices
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Restructuring . . .

Motorola to divest non-core units
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PSINet Cuts Jobs in Cash Crunch
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Canada:

Creditors of Confederation Treasury Services Limited to Receive Second Distribution of Funds
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England:

Bankrupt twist to pensions scandal
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SPL hits back at bankruptcy claims
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Japan:

Japan May Cut Economic Growth Forecast to Below 1%, Paper Says
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Korea:

Creditors Warn Hyundai on Funding
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