April 9, 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:

PG&E declares bankruptcy
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Governor Davis, Utility Toss Blame
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Brave new legal world is unfolding for bankruptcy judge in PG&E case
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Pacific Gas and Electric Co. files for Ch. 11 bankruptcy protection, owes billions to creditors
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What Happens Now? PG&E Bankruptcy Judge at Center of Power Crisis
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Pacific Gas and Electric Company Receives Court Approval of First-Day Motions
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Governor, Utility In War Of Words Davis furious as PG&E defends bankruptcy filing

PG&E bankruptcy 1st salvo in legal battle
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Shifting Action to Neutral Arena May Be Bankruptcy Filing's Upside
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A Californian Bankruptcy
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Edison Rescue Options Dwindle in Wake of PG&E Unit Bankruptcy
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ISO sees little impact from PG&E bankruptcy
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Bankruptcy Judge Faces Challenge of His Career / Well-known expert in complex cases  

Calpine could take charges after PG&E bankrupt
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Appeals court lifts order requiring Reliant to sell power
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One of Hydro's big U.S. buyers petitions court for debt relief - 'We expect to get paid,' B.C. minister responds
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Utility finds relief, but power problems continue for state
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Southern Edison says it won't follow bankrupt PG&E

A final bonus before bankruptcy
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Hard sell expected for California bonds  

Calif. governor seeks to regroup after bankruptcy
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Bankruptcy Judge Now Has the Power
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PG&E's Glynn broke long "insider" chain
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State Looks to Public Power as Solution to Energy Crisis
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SoCal executive urges settlement with state
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PG&E Investors Worry About Nest Eggs
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PG&E CEO Embraced Move to Deregulation
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Company handed out bonuses hours before bankruptcy
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Report says PG&E timed bankruptcy to shift blame
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Disposition of wholesale power bills big question in Pacific Gas & Electric filing
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Filing's Aftershocks Likely to Spread
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A rising star dims amid blackouts -- Unresolved energy crunch may strangle the political future of California's governor
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Reliant Energy Says Bankruptcy Action By Pacific Gas and Electric Co. Not Unexpected
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Debacle Scrambles Nest Eggs / Investors had relied for decades on PG&E's solid-gold reputation  

Local investor reaction to PG&E bankruptcy mixed
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What PG&E bankruptcy could mean
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Power: Legislature's Decision Flawed
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Palo Altos worst-case energy scenario might come true. Pacific Gas & Electric has filed for bankruptcy
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House Leaders Urge Energy Price Probe
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Calif. bankruptcy shouldn't affect Oregon electric rates
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L.A. Could Lose $193M from PG&E Bankruptcy
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Action Could Engulf Edison, Other Utilities
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Power Utilities (cont.):

Utility's Fate in Judge's Hands / Bankruptcy court could overrule PUC, establish electric rates itself  

Judge in PG&E Bankruptcy Case Seen as a Problem Solver
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Power Grab -- Some Democrats Favor Seizing Plants

PG&E bankruptcy seen hurting small power generators
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PG&E Bombshell Leaves Customers Grumpy, Cynical / Rates expected to soar, blackouts to proliferate  

Shock and anger crackle at PG&E headquarters
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Market hammers California merchant generators' shares
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State ponders PG&E bankruptcy repercussions
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IBEW Local 1245's Response to PG&E Chapter 11 Filing  

SDG&E In No Bankruptcy Danger
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Davis' Pledges Come Back To Haunt Him  

PG&E bankruptcy won't stop $10-bln bond issue
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PG&E defends $50 mln bonuses paid day before bankruptcy
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Why I relish the PG&E power fiasco
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The Gym-O-Watt Solution  

What Does PG&E Want?
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Generators hopeful PG&E bankruptcy will end credit crisis
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Many Factors Unknown
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Consumer groups target Pacific G&E power plants
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When to Hold 'Em, Fold 'Em / It might be a long time before PG&E shares rebound  

California power supplier criticized for bankruptcy filing
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Taxpayers left to pick up the tab
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FERC Massey-Calif utility bankruptcy ``massive failure''
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Davis Takes One Jolt After Another as Crisis Intensifies
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PG&E bankruptcy action `selfish,' Davis says
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PG&E Creditors Are Lining Up / BofA, local generators owed billions by utility  

Energy & The Executive
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Reliant says it will stay in California
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A Cloud of Pessimism Descends on S.F.
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Pacific Gas' Filing Hits Other Stocks
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Bankruptcy bombshell adds to California energy crisis
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PG&E bankruptcy filing stirs local debates
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PG&E bonds fall; Calif. outlook cut
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Salem plant not impacted by bankruptcy filing
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Edison Decides Not to Enter a Float in 2002 Rose Parade
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PG&E filing fuels crisis
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PG&E awarded millions in bonuses before bankruptcy
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Utility bankruptcy raises political questions for governor
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Consumers will pay for PG&E move
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PG&E bankruptcy plunges key projects into limbo
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With Power Price Surges, California's a Follower

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Bankruptcy Reform:

States' Homestead Exemptions Are A Sticking Point In Bankruptcy Reform
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Bankruptcy Bill Seen 'Harsh' on Small Biz
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Bankruptcy reform bill may snag over plan to curb home exemptions 

Critics worry about little guy  

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New Bankruptcy Opinions
(No new opinions today)

Dotcoms:

Out of Options - Loans to buy stock options seemed like a good idea -- until the market went south
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Crunch Time: Real-Estate Industry Is Learning If New Lease Structures Worked
(WSJ: separate paid subscription required)

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Big S.F. East Bay firm falls into bankruptcy
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Rep talks about CSC bankruptcy
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Unemployment, Bankruptcy, and Warnings Bring Stocks Down

Perks go as Wall Street despair grows
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Telecoms:

Globalstar Reveals Mounting Problems That Could Lead To Involuntary Bankruptcy
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Telco troubles hit markets
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Marconi to cut 3,000 jobs as slowdown bites  

Motorola Denies Report It Faces Liquidity Problems
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World Access reaches agreement with noteholders
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C1 bankruptcy protection sends other firms scrambling
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________________

Wilkinson:

SEC requests documents in ex-governor's bankruptcy
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Wilkinson's nephew files for bankruptcy
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American deal for TWA set to land
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Proprietary bids for Ventra Group
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Bank hedging under microscope
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Lernout & Hauspie:

Korea banks say innocent of L & H charge
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P.J. Clarke's: 'One More For The Road'
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Seniority disputed in RBX bankruptcy
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New accounting rule hits US commercial real estate
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Dealmakers of the Year: Debt and Bankruptcy - The corporate lawyers who led the pack in 2000
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Creditors Grill Furrs Exec

Report: Laidlaw to file for bankruptcy protection
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Sale of Bridge Shareholding
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Nursing homes seek legislative cure - Troubled industry blames Medicaid cuts and high liability costs, but critics are wary
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Job Cuts, Slow Growth Sting Retail Sales
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Fruit of the Loom Sues Competitor - "Industrial espionage at the highest corporate level?"
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30% of American Families at Risk for Bankruptcy in 2001
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Credit Cards:

A Week To Forget For Credit Card Industry
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Credit-card issuers target students
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Cutting teeth on credit cards
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Australia:

Plan to ground tourist debtors  

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Canada:

Tech sector shakeout rattles Canada
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2001  [BKINFORMATION.COM]. All rights reserved.