May 10, 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

         
Power Utilities:

PG&E Files Opposition to Ratepayers' Committee, Claiming UST Exceeded Authority
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Rate Hikes Up to 60% Proposed by PUC Chief
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Bankruptcy judge lets PG&E continue paying gas suppliers

The Latest California Power Craze: A Windfall Profits Tax Bill
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California Seeks Power Debt Relief From Generators
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Calif. seems to shrug as blackouts become routine
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It's bad, and it'll get worse - POWER DOWN: Electricity blinks out as a baked state seeks relief

Officials mull over two plans for power rate hikes
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Calif. Senate oks emergency power bond bill
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Calif. Fears High Electric Bills
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Cheney castigates state over conservation - Davis calls VP 'grossly uninformed'

California Blackout Season Begins
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PG&E says nearly all QF power sellers back in service
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Powerless: California imposes rolling blackouts
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Economic crisis in forecast
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Extra power for summer will fall well short of Gov. Davis' promise

In Office Buildings, the Lights Are On, But Nobody's Home
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Utilities accuse El Paso of inflating prices
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Bush energy blueprint to focus on long-term solutions
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Bush to Back Land Grabs For Electrical Lines
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Energy policy dismisses conservation too quickly
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Power Surge
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Business chiefs blast California politicians over energy crisis  

Cheney's energy plan comes under fire
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(cont. in 2d column)

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  Drypers pays off secured creditors
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Dorsey Trailers Inc Agrees to Sell Assets
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Software Firm Likes Bankruptcy
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Friede Stops Work on Petrodrill Rigs
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Horizon Pharma hires financial adviser for debt restructuring
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US Parts Begins Final Sale of Assets
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Economy:

Recession danger grows
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Power Utilities (cont.)

Whiff of heroic victory bolsters energy rescue bid: Power industry and politicians see prospect of claiming credit for saving the state from air-conditioning crisis
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PG&E Web Site - Details of the Chapter 11 Reorganization

Slowing Economy May Prompt California Budget Cuts
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Bush Energy Stance Begins to Worry Some in GOP
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For many Californians, bills not blackouts, are the threat
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Capitol chaos - Lawmakers bicker while the lights go off
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Power Costs to Exhaust California's Budget Surplus
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Davis is set to sign a $13.4 billion bond-issue measure today to cover electricity costs
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Check to BC Hydro Keeps Lights On
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Starting all over again - The Legislature's special session on the power crisis ends today -- with more work to do at an added cost
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CEOs urge major moves to deal with energy crisis
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Clean-air rules eyed to offset energy crisis 

Reliant Energy Offers Solutions to California's Energy Crisis; Reliant Energy Senior Vice President John Stout to Share Comments Made to Gov. Davis
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Power Line Plan Stripped From Emergency Power Bill
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New Bankruptcy Opinions
(2 new opinions today)

Silicon Valley retains its spirit: In spite of the bankruptcies and lay-offs, there is optimism the good times will return
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AccessAir cost Ruans $12 million - Airline expected to die today
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Telecoms:

Whither Lucent?
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Zero Credit For Winstar
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Edwards Theatres Reaches Definitive Agreement With Anschutz Corp.
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HomePlace to Close All 84 Stores
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Court approves sale of Vlasic domestic food units
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Toledo: Experts puzzled over surge in local bankruptcies
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Bankruptcy Filings in Western New York Increase
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Bank severs Conexant's credit line
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Friends and relatives gather $5 million for Brennan bail

Quincy shipyard's reorg plan set for filing today
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Consultancy Hires Most of MarchFirst's Employees in Charlotte, N.C.
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FDCPA Reform Bill Coming
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DataZen Files for Chapter 11, Restructures
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Arcadia man guilty in bankruptcy threat case against judge, attorney
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Furrs To Close Five Supermarkets

A New Approach to Valuing Secured Claims in Bankruptcy
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OTR Express plans to close in two months, no bankruptcy planned

Canada:

Mounting debt leads to demise of Canadian music company
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