FAIRLESS HILLS, Pa., Jan. 28 /PRNewswire/ -- Bankruptcy Creditors'
Service, Inc., announces publication of TECO AFFILIATES BANKRUPTCY NEWS
tracking the chapter 11 filing by TECO Energy, Inc. (NYSE: TE) affiliates
Union Power Partners, L.P., Panda Gila River, L.P., Trans-Union Pipeline,
L.P., and UPP Finance Co., LLC, earlier this week in Phoenix, Arizona, to
restructure more than $2 billion of debt.
A copy of the first issue of TECO AFFILIATES BANKRUPTCY NEWS is available
at http://www.bankrupt.com/teco.txt at no charge.
Catherine L. Gutib, Christopher G. Patalinghug, and Frauline S. Abangan
serve as the newsletter's editors.
The first issue of TECO AFFILIATES BANKRUPTCY NEWS, released today, Ms.
Gutib relates, includes:
* data extracted from the four chapter 11 petitions;
* a list of the Debtors' 36-largest unsecured creditors;
* an overview of the power producers' tumble; and
* a detailed summary of the proposed chapter 11 plan.
The second issue, available early next week, will explore the cash
collateral and DIP Financing arrangements in detail and summarize the first
day matters brought to Judge Case for approval.
"Our editors are bankruptcy pros. They know how to quickly sort the wheat
from the chaff and bring order to chaotic and arcane court filings," says
Peter A. Chapman, President of Bankruptcy Creditors' Service, Inc. "Our
newsletters provide lawyers, creditors, competitors, asset buyers, and other
parties-in-interest with an efficient and affordable way to sift through the
mountains of court pleadings and seemingly random information delivered to the
Bankruptcy Court."
AMERICAN BUSINESS BANKRUPTCY NEWS is distributed on a subscription basis
by e-mail for US$45 per issue. New issues are published as significant
activity occurs (generally every 10 to 20 days) during the company's
restructuring.
Since 1990, BCSI has published similar newsletters tracking billion-dollar
insolvency proceedings. Currently, we provide similar coverage about the
restructuring proceedings involving Yukos Oil Company, Mirant Corp., PG&E
National Energy Group, Pacific Gas and Electric Company, Enron Corp., NRG
Energy, Covanta Energy Corp., ATA Airlines, US Airways, UAL Corporation and
United Airlines, Air Canada, ANC Rental, the Roman Catholic Church in the
United States, Trump Hotels & Casino Resorts, Inc., Interstate Bakeries
Corporation, Pegasus Satellite, RCN Corporation, Adelphia Communications and
Adelphia Business Solutions, WorldCom, Global Crossing and Asia Global
Crossing, Winstar, 360networks, Solutia, W.R. Grace & Co., Owens Corning,
Armstrong World Industries, USG Corporation, Safety-Kleen, Laidlaw,
Halliburton's DII Industries and Kellogg, Brown & Root units, Parmalat
Finanziaria, S.p.A., Vlasic Foods, Bethlehem Steel, Weirton Steel, Kaiser
Aluminum, WestPoint Stevens, Pillowtex, Burlington Industries, Kmart Corp.,
Ames Department Stores, Spiegel, Inc. (and its Eddie Bauer and Newport News
subsidiaries), Federal-Mogul, Hayes Lemmerz, Exide Technologies, National
Century Financial Enterprises, Integrated Health Services, Mariner Post-Acute
& Mariner Health, American Business Financial Services, Inc., Reliance Group
Holdings & Reliance Financial, The FINOVA Group, Inc., and Loewen Group.
Additionally, BCSI co-publishes the Troubled Company Reporter -- a daily
newsletter that provides news about more than 3,000 on-going troubled
situations. Go to http://www.bankrupt.com/periodicals/tcr/tcr.form.html to
sign-up for a 30-day free trial subscription to the TCR.
SOURCE: Bankruptcy Creditors' Service, Inc.
TICKERS: NYSE: TE
INDUSTRY: Energy, Electricity, Publishing, Newsletters
SUBJECTS: Bankruptcy, Restructurings, Legal, Financial
GEOGRAPHY: Florida, Arizona, Pennsylvania
CONTACT: Peter A. Chapman
Bankruptcy Creditors' Service, Inc.
215-945-7000, or fax, 215-945-7001, or peter@bankrupt.com
Web sites: http://www.bankrupt.com/teco.txt
http://www.bankrupt.com/periodicals/tcr/tcr.form.html
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