May 18, 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:

Judge Refuses To Free Alternative Energy Producers from Contracts
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PUC Chief Alleges Price Collusion
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Bush to Warn of Energy Crisis
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Gray Unplugged
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Energy crisis exaggerated, experts say; market forces expected to resolve problems
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PG&E Unit Tests Ring-Fencing Confidence With $1 Bln Bond
(WSJ: separate paid subscription required)

Municipal Utilities Seek Exemptions From Blackouts
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FERC helps Calif.'s energy suppliers
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PG&E's shareholders steadfast / Despite fiscal misery, meeting gives thumbs up to chairman  

Californians Hear Bush Energy Message: Drop Dead
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What About California?
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Blackouts may create shortage of water: State officials warn that supplies for drinking and fire hydrants are vulnerable because pumps can fail during power outages
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Bush energy plan labeled 'oil man's dream'
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Activists ask for a role in PG&E Case, demand four seats on ratepayers committee
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Bush energy plan means "murder" for Calif-Governor
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Official Defends Ratepayer Panel in Pacific Gas, Electric Case in San Francisco
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California Braces for Double Power Punch of Rate Hikes, Blackouts
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Edison utility financial stabilization bill introduced
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Bush Energy Plans Looks to Long-Term, Rather Than Short-Term Fixes
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Judge orders PG&E to pay overdue taxes to counties / S.F. still must dip into cash reserves for energy bills  

Rate raise -- Genuine conflict or tightly scripted political melodrama?
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PG&E annual meeting sparks controversy and drama

Californians hit by electric shock
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Calif. Gov. Attacks Bush Energy Plan
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PG&E to build new power plants, but not in California
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State Offers Details on Electricity Bond Issue
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PG&E Unit Sells Bonds, Pays Yield
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PG&E Corp. accused of gouging in East / Boston company wants federal energy regulators to intervene  

(cont. in second column)

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  That was Then, This is Now - Performance-based cuts, layoff rumors? Sounds like the atmosphere at firms in the early 1990s
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Citigroup/Bannaci:

Banacci owners come out of Citigroup deal laughing
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Citigroup Merges With Mexico's Second-Largest Financial Group
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Citigroup Banacci buy spells Mexico bank crisis end
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Lernout & Hauspie:

L&H poised to unveil reorganization plan
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L&H voluntarily de-lists from Nasdaq Europe
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Banks Tighten Standards for Credit Card Loans
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Banks Tighter With Business Credit Despite Fed Rate Cuts
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LTV:

LTV gets bid for assets
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Minnesota Power and Cleveland-Cliffs Make Joint Purchase Offer for LTV Mining Company Assets
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Federal Appeals Court Backs Live Testimony by Satellite Feed
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Missouri Building Supplies Retailer Closes More Stores
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Icon Laser Eye shuffles execs, sells Europe unit, faces new $750K Lasik hit
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Washington Group International, Inc. Receives Court Approval for All First Day Motions; Employee and Vendor Obligations Will be Met
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President Bush Called on to Keep Promise To 'Safeguard American Markets Against Unfair Practices Like Dumping'
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Bankrupt Ohio hospital calls it quits
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Telecoms:

SSE Telecom files for bankruptcy
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Teligent Gets Extension
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AT&T Pulling Plug On Bankrupt OnSite Access
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SSE Telecom Files For Chapter 11
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BLEC OnSite Access Files Ch. 11 Bankruptcy

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Power Utilities (cont.):

Judge Approves PG&E, Berry Agreement To End Pwr Contract
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Judge: PG&E can't stall on property tax
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PG&E Files Reply Comments On Formation of Ratepayers' Committee
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Pushing for energy relief  

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New Bankruptcy Opinions
(1 new opinion today)

Chicago: "Neighborhood's borrower" charged with theft, forgery
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Civic leader Judge Kinnard, former bankruptcy judge, dies
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Dotcoms:

LocalBusiness.com assets up for sale
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Mentiom will try to find a buyer
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CyberRebate's Plan Costs
Web Buyers Some Big Bucks
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What's in a name? $3.4M if it's eToys.com
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KB Toys Buys EToys Name
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Metiom Inks Final Chapter: 11
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Netcentives Execs Resign, CyberRebate Files for Chapter 11
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LocalBusiness.com Offers Nonessential Assets for Sale
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Dot-com's customers in limbo - CyberRebate files for Chap. 11, holds $80m owed to users
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LocalBusiness.com Shops Assets Online
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Heat Is On For Celeb $$ Guru Slatkin
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Expert: Aladdin needs $100 million overhaul
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Judge Cole, former bankruptcy judge, hustled to secure reprieve for Jay D. Scott
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Owens Corning  leaders misled bond purchasers about status of investment in event of bankruptcy, lawsuit says

NHI Announces Autumn Hill Convalescent Center Bankruptcy
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Tandycrafts Files for Bankruptcy
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Silicon Valley Lights On, But Party Over
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Layoffs Up Sharply From Year Ago
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Bids for remaining Bridge Information assets due June 20

Cope's Food Products files for bankruptcy
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Judge refuses bail for Brennan

Switzerland:

ISMM Starts Bankruptcy Proceedings
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Kirch interested in buying soccer World Cup TV rights from ISL-ISMM - source
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India:

RBI panel moots new bankruptcy code - Scrapping of SICA, BIFR, introduction of bankruptcy institution mooted
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.