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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (91488)	4/8/2001 1:16:39 AM
From: XBrit	Read Replies (1) \| Respond to of 436258

Thanks, and that agrees with the weight of what I read in the serious media articles. On balance it seems most likely the rate increases will end up being negotiated with the PUC. The judge in the PSNH/Seabrook bankruptcy apparently issued a ruling at one point saying that Federal bankruptcy law overrules states rights to govern electric rates, and that he believed he had the power to unilaterally set rates. But I understand the ruling was controversial and never got tested on appeal (an agreement was reached first). It is said that PG&E intends to press hard on this old ruling. I hope the judge dude is a really special person. Getting this whole mess worked out is going to take almost superhuman abilities on his part. latimes.com