February 23, 2001 Daily Bankruptcy News

February 23, 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: California Lifts All Power Alerts for the First Time in Six Weeks (DBN Subscription Required) California PUC passes buck to state (DBN Subscription Required) Davis Deal Leaves Utilities in Quandary (Sacramento) (DBN Subscription Required) Calif Gov, PG&E Disagree On Utility Rescue Plan (DBN Subscription Required) PG&E suspends common dividend (DBN Subscription Required) California inks 10-year power deal with Williams (DBN Subscription Required) Davis Signals Utility's Grid Could Be Seized (DBN Subscription Required) PG&E Can Spin Off Profitable Assets - Move can protect firm in bankruptcy The Utilities Generate a Thousand Points of Light (DBN Subscription Required) Calif. PUC delays consideration of energy moves (DBN Subscription Required) Portland General Has $119 Million Exposure To Calif. Utilities (DBN Subscription Required) California Inches Forward on Electricity-Demand Relief, Peaker Plants (DBN Subscription Required) California Goes to Lower-Level Power Alert for First Time in Weeks (DBN Subscription Required) Connecticut Light & Power Rakes In $60 Million Above Limit (DBN Subscription Required) _____________ Orange County, CA: Tainted Investment Firm Files for Bankruptcy (DBN Subscription Required) AK Steel fights for respect in 'dog' industry (DBN Subscription Required)	Quintus Corp. Files For Chapter 11 Bankruptcy (DBN Subscription Required) More bad omens - bankruptcy warning signs (DBN Subscription Required) Telecoms: Intel says telecoms industry facing "bankruptcy" (DBN Subscription Required) Bankruptcy Court Approves Covad Plan to Acquire Flashcom Customers (DBN Subscription Required) The Upshot: Van Overboard? A Lot of Pain at Covad (DBN Subscription Required) _______________ LTV: Opinion and Amicus Brief In Opposition Re LTV Attack On Bankruptcy Remote Subsidiary And Securitization Precepts (DBN Subscription Required) ____________ TWA: Continental Withdraws Objections to AMR's Bid for TWA (DBN Subscription Required Alaska eyes TWA's slots at D.C. airport (DBN Subscription Required) ____________ Legend Airlines: Legend drops request for delay to sell its operating certificate (DBN Subscription Required) Legend Airlines Can't Sell Certificate to Fly, Regulators Say (DBN Subscription Required) _________________ Dotcoms: Reborn Letsbuyit 'has cash to reach break-even' (DBN Subscription Required) Net Grocer Peapod Facing Cash Shortfall (DBN Subscription Required) ____________ Movie Theater Industry: Sit Tight: Flicks Tix Soon to Hit $10 Mark (DBN Subscription Required) _____________	New Bankruptcy Opinions (1 new opinion today) Raleigh, NC: Raleigh bankruptcy lawyer charged with bankruptcy fraud (DBN Subscription Required) Bankruptcy Reform: Full Text Of Marked Up House Bill ________________ Fine Air Completes Merger (DBN Subscription Required) Bank seizes HIV, AIDS donations to pay off debts of bankrupt charity (DBN Subscription Required) Man Awarded $18.1 Million in Damages from Pfizer Unit in Asbestos Case (DBN Subscription Required) Pergament Enters Into Chapter 11 - Consents to petition filed by 3 landlords (DBN Subscription Required) Bankrupt Baseball Team: Complex Issues In Bankruptcy Of Baseball Team (DBN Subscription Required) City In Dispute With Bankrupt Base Ball Team (DBN Subscription Required) ________________ Orbcomm's Performance Rises As Bankruptcy Bid Deadline Approaches (DBN Subscription Required) Restructuring . . . New Edge to fire 55 workers, shifts strategic focus (DBN Subscription Required) Polaroid to Fire 950, or 11% of Work Force (DBN Subscription Required) Samsonite to Fire 340, End U.S. Production (DBN Subscription Required) ______________ Japan: Japanese banks gird for losses to tackle bad debt (DBN Subscription Required) ____________ Weather Forecast: Enter City, State, or Zipcode: