June 4, 2001 Daily Bankruptcy News

June 4, 2001 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet Also available on the Web (with links to the news stories) at: http://bkinformation.com/News/DailyNews.htm Prior editions available at http://bkinformation.com/bankruptcy_news.htm

Power Utilities: PG&E bankruptcy judge keeps rate freeze in place (DBN Subscription Required) Judge Rejects PG&E's Request That He Block Enforcement of PUC Order (DBN Subscription Required) PG&E Issues Statement After Court Decision On Its Request for Stay (DBN Subscription Required) Statement of the PG&E Creditors Committee Regarding June 1 QF Rulings (DBN Subscription Required) Duke Admits Overcharging Utilities / $3,880 Bill Per Megawatt Hour (DBN Subscription Required) Judge denies PG&E bid to end rate freeze / Firm's bankruptcy filing doesn't limit PUC's authority California Utility Bankruptcies Feared (DBN Subscription Required) More California dreaming PUC May Trip Bailout of Edison (DBN Subscription Required) Deregulation Not to Blame But Davis Is: His Inaction Allowed a Problem to Become a Power (DBN Subscription Required) California, Duke Energy agree but for different reasons (DBN Subscription Required) Getting to Core of Power Crunch (DBN Subscription Required) Duke Energy Releases Average Prices Charged for Electricity in California (DBN Subscription Required) Duke Charged Record Price for Power (DBN Subscription Required) Oh What A Mess! (DBN Subscription Required) Calif. grid manager files RTO plan ``under protest'' (DBN Subscription Required) California Seeks to Keep Control of Power Grid (DBN Subscription Required) Edison says utility rescue pact with Calif at risk (DBN Subscription Required) _____________ New World Is Winning Bidder for Einstein; Acquisition Expected to Be Completed by June 20th (DBN Subscription Required) Raleigh/Durham Area near top in U.S. failures Credit-card debt pushing youth into bankruptcy (DBN Subscription Required) Washington Group: Washington Group says judge names Raytheon suit auditor (DBN Subscription Required) Washington Wins Another Pivotal Court Ruling Against Raytheon; Judge Appoints Washington-Nominated Accountant to Arbitrate (DBN Subscription Required) _________________ People are borrowing to maintain lifestyles / Debt could swallow up consumer, say experts Bankruptcy Reform: Congressional Conferences on Wane (DBN Subscription Required) Chicago area bankruptcy filings rise as bill closing loopholes stalls (DBN Subscription Required) _____________	PSINet: Ailing PSINet Files for Bankruptcy Protection (DBN Subscription Required) PSINet's bankruptcy excludes Metamor unit (DBN Subscription Required) Telus to buy PSINet in Canada (DBN Subscription Required) PSINet Ends Up In Bankruptcy (DBN Subscription Required) PSINet Seeks Bankruptcy Protection (DBN Subscription Required) PSINet forced to seek help on debt Telus snaps up PSINet's Canadian unit (DBN Subscription Required) Ravens sponsor files for bankruptcy (DBN Subscription Required) PSINet files for bankruptcy protection Telus continues buying spree (DBN Subscription Required) ______________ Erroneous bankruptcy report spurs USG stock tumble (DBN Subscription Required) RBX unsecured creditors win equity (DBN Subscription Required) Repossessions Rise as Textile Firms Unravel (DBN Subscription Required) Analysts say Trump lagging behind rivals in Atlantic City (DBN Subscription Required) Telecoms: The Inside Story Of ICG's Collapse (DBN Subscription Required) Casualties of a Shakeout - Wave of Communications Bankruptcies Leaving Some Customers Unplugged (DBN Subscription Required) Level 3 workers prepare for worst (DBN Subscription Required) Fear of Telecom Fallout (DBN Subscription Required) Telecom industry awaits next wave - Equipment makers, carriers shifting (DBN Subscription Required) ________________ Bankruptcy Court short of judges (DBN Subscription Required) Bennett Funding: Bennett Funding: Appeals court vacates huge white collar sentence (DBN Subscription Required) The Opinion: US v. Bennett (DBN Subscription Required) _______________ Bank Plus Corporation Announces Merger Agreement With FBOP Corporation (DBN Subscription Required) Hanscom flight backers speak up - Shuttle America fliers say business line vital (DBN Subscription Required) S.F. modeling agency files for bankruptcy Equipment makers face long recovery (DBN Subscription Required) Sunmet: Farm Workers Finally Likely to Get Paid for Work in Sacramento, Calif., Area (DBN Subscription Required) Bankruptcy Clients Say Federal Judge Ginsberg Appears Prejudiced Against Attorney Erik Martin (DBN Subscription Required)	New Bankruptcy Opinions (2 new opinions today) National Airlines: Judge blocks Harrah's from withdrawing cash from National (DBN Subscription Required) Carl Icahn sets sights on National Airlines (DBN Subscription Required) Carl Icahn bids for bankrupt National Airlines National Airlines in Talks with Icahn (DBN Subscription Required) ____________ New Jersey's smallest casino swallowed up by industry giant in bankruptcy sale (DBN Subscription Required) Cotton industry faces tough times - several of largest customers in bankruptcy (DBN Subscription Required) Furrs: Furrs Establishes Deadline For Bids From Potential Buyers (DBN Subscription Required) Furrs Seeks to Auction Off Stores _______________ No end in sight to asbestos marathon (DBN Subscription Required) Dotcoms: The IOU economy / Tapped-out tech firms … and their creditors … are facing off in Bankruptcy Court _______________ Slatkin: Earthlink Chief Slatkin Signs Agreement (DBN Subscription Required) Earthlink Co-Founder in Talks (DBN Subscription Required) ________________ Australia: Call in the doctors, it's getting worse Corporate doctors confront epidemic (DBN Subscription Required) Going for broke, spectacularly and literally (DBN Subscription Required) ____________ England: Banks target 'poor creditors' (DBN Subscription Required) ______________ Japan: Settling bad loans honestly the key to Japan's recovery (DBN Subscription Required) ____________ Canada: TD loan to One.Tel probed (DBN Subscription Required) Addicted to status (DBN Subscription Required) Bankrupt publisher has outstanding debts (DBN Subscription Required) From Beemers to Benzes, business is great for repo man (DBN Subscription Required) ____________ Weather Forecast: Enter City, State, or Zipcode: