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To: aniela who wrote (47377)	3/31/2003 12:15:07 AM
From: aniela	Read Replies (1) of 53068

chron.com March 30, 9:13 PM Reliant Resources and its bankers were still negotiating Sunday night on a critical financing package, a company spokeswoman confirmed. Houston's main electricity provider is seeking to restructure $5.9 billion worth of debt coming due this year and next. Of that amount, $2.9 billion matured Friday. Reliant, however, didn't make its payment. Talks between the two parties continue, and it is unknown whether the bank took any action against Reliant. If Reliant can't get a refinancing deal done, it may be forced to seek bankruptcy protection. Should that happen, Reliant's customers shouldn't expect service disruptions. The company is likely to make a statement updating the situation before the stock market opens today.

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