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To: Lucretius who wrote (59748)	1/19/2001 12:00:56 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

EIX/PCG "The largest creditor exposure in history?" dailynews.yahoo.com The two California utilities have run up about $12 billion of debt and are teetering on the edge of bankruptcy. Their bankruptcy would rank among the nation's biggest, hitting creditors ranging from retirees invested in traditional safe havens to institutional corporations, analysts said. If the utilities do go belly-up, many creditors -- who include power suppliers, governmental investors and individuals -- could be left holding the bag for debt some have estimated at $20 billion, according to Lynn LoPucki, a law professor and bankruptcy expert at the University of California at Los Angeles. ``They would certainly be among the five largest bankruptcies in U.S. history,'' LoPucki said. ``I do think it is the largest creditor exposure in history."