May 9, 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 Creditors Could Get Md. Unit's Assets
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California Hit by Blackouts Again; More Expected
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Power Cut to Parts of State
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Second Day of Blackouts Deemed Likely
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Generators Warn Of Blackouts If Calif OKs Windfall Tax
(WSJ: separate paid subscription required)

Edison in talks on bank loans as clock ticks down
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SoCalEd Says Prices of Gas Were Inflated
(NYT: free registration required)

Effort to Repay State for Power Is Delayed
(DBN Subscription Required)

Ariz. town to sue over investment in PG&E debt
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PG&E Web Site - Details of the Chapter 11 Reorganization

California Grid Manager Calls for Rotating Outages
(DBN Subscription Required

Heat forces California blackouts
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Summer rolls in, as do outages

Power Trips - Texas Lawyers Rack Up Frequent-Flyer Miles Working on California Energy Crisis
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Bush Offers No Answers for California
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Secret power deals contain hidden costs - A link to natural gas prices

Bond delay spells financial peril for Calif.
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Current CAL-ISO System Conditions
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Natural Gas Prices Surge, Fueling Crisis
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Energy Crisis Overview: How we got here

Energy Crisis Overview: The Impact

Energy Crisis Overview: What lies ahead

Hot temperatures provoke heated debate during second day of blackouts

California Real-Estate Firms
Find Strength in Power Woes
(WSJ: separate paid subscription required)

(cont. in 2d column)

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  National Airlines discloses huge fourth-quarter loss: Still plans to grow
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Grace use of debtor-in-possession funds is cleared
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Freide Goldman lays off hundreds
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Big tobacco agrees to big payment - Chance of bankruptcy over lawsuit prevented

More bankruptcies complicate discrimination claims
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Keystone to suffer in Grove restructuring
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TransCom USA files for Chapter 11 bankruptcy

Dotcoms:

LearningStream Files for Bankruptcy
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Dot-Com Layoffs Hit a Dubious Milestone
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________________

Montgomery Ward Targets Health, Life Insurance - Many retirees left in cold
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More than $800,000 in school food spoils when company declares bankruptcy
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Power Utilities (cont):

California officials say spring heat wave could force more blackouts
(DBN Subscription Required)

In 1st Hearing, PUC Urged to Lift Rate Hike
(DBN Subscription Required)

For CEO, Life in 'Foxhole' Means Little Sleep, Peace
(DBN Subscription Required)

Cal-ISO Orders Blackouts Tue; Supply Seen Tight Wed
(WSJ: separate paid subscription required)

Plant shutdowns cause outages
(DBN Subscription Required)

Californians Brace for 2nd Day of Outages
(DBN Subscription Required)

A Delicately Guided Dance With Darkness
(DBN Subscription Required)

Enron could supply universities with state-subsidized power

$13.4 billion in bonds OKd by Assembly / Proposal to cover energy costs headed for the Senate today  

Calif Treasurer: $4.1B Bridge Loan Offer Expired
(WSJ: separate paid subscription required)

_________________

 

New Bankruptcy Opinions
(1 new opinion today)

Telecoms:

The NextWave Question
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Arch eyes Metrocall, WebLink bankruptcy deal
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AtLink shifts efforts to total liquidation
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Bankruptcy Reform:

Don't file for bankruptcy in haste just to beat rule changes
(DBN Subscription Required)

Bankruptcy Legislation May Shield Retirement Funds
(DBN Subscription Required)

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CMI Asks Court to Dismiss Involuntary Bankruptcy
(DBN Subscription Required)

Judge OKs FTC Restrictions on Use of Consumer Data
(DBN Subscription Required)

Latest L&H suit alleges more fraud
(DBN Subscription Required)

Defunct Iowa airline's permit withdrawn
(DBN Subscription Required)

Armstrong net profits plunge 33.9%
(DBN Subscription Required)

Haskell-Senator bankruptcy threatens Verona jobs

Productivity Drops for First Time Since 1995
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Restructuring . . .

Terra Lycos, 3rd Largest Internet Provider, Cuts 15 Percent of Staff
(DBN Subscription Required)

Dell Downsizing Continues
(DBN Subscription Required)

National Semi slashing 1,100 jobs

______________

England:

More bankruptcies on the way,' says R3
(DBN Subscription Required)

__________________

Finland:

Ministry plans: debt could expire after certain time period, even if collection efforts continue throughout
(DBN Subscription Required)

_________________

 

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