May 9, 2001 Daily Bankruptcy News

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 (DBN Subscription Required) California Hit by Blackouts Again; More Expected (DBN Subscription Required) Power Cut to Parts of State (DBN Subscription Required) Second Day of Blackouts Deemed Likely (DBN Subscription Required) Generators Warn Of Blackouts If Calif OKs Windfall Tax (WSJ: separate paid subscription required) Edison in talks on bank loans as clock ticks down (DBN Subscription Required) 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 (DBN Subscription Required) PG&E Web Site - Details of the Chapter 11 Reorganization California Grid Manager Calls for Rotating Outages (DBN Subscription Required Heat forces California blackouts (DBN Subscription Required) Summer rolls in, as do outages Power Trips - Texas Lawyers Rack Up Frequent-Flyer Miles Working on California Energy Crisis (DBN Subscription Required) Bush Offers No Answers for California (DBN Subscription Required) Secret power deals contain hidden costs - A link to natural gas prices Bond delay spells financial peril for Calif. (DBN Subscription Required) Current CAL-ISO System Conditions (DBN Subscription Required) Natural Gas Prices Surge, Fueling Crisis (DBN Subscription Required) 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) ______________	National Airlines discloses huge fourth-quarter loss: Still plans to grow (DBN Subscription Required) Grace use of debtor-in-possession funds is cleared (DBN Subscription Required) Freide Goldman lays off hundreds (DBN Subscription Required) Big tobacco agrees to big payment - Chance of bankruptcy over lawsuit prevented More bankruptcies complicate discrimination claims (DBN Subscription Required) Keystone to suffer in Grove restructuring (DBN Subscription Required) TransCom USA files for Chapter 11 bankruptcy Dotcoms: LearningStream Files for Bankruptcy (DBN Subscription Required) Dot-Com Layoffs Hit a Dubious Milestone (DBN Subscription Required) ________________ Montgomery Ward Targets Health, Life Insurance - Many retirees left in cold (DBN Subscription Required) More than $800,000 in school food spoils when company declares bankruptcy (DBN Subscription Required) 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 (DBN Subscription Required) Arch eyes Metrocall, WebLink bankruptcy deal (DBN Subscription Required) AtLink shifts efforts to total liquidation (DBN Subscription Required) _____________ 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) _____________ 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 (DBN Subscription Required) 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) _________________ Weather Forecast: Enter City, State, or Zipcode: