|
|
Enron Mail |
? A source within the generator community confirms press reporting that Coram
Energy plans to file an involuntary bankruptcy early next week. Through an intermediary, we were able to corroborate this information with a senior member of the CA ISO board. Coram Energy is a relatively small wind generator QF based in West Vancouver, British Columbia, though it also owns wind stations in California. Coram has 238 40 kw units. ? The source believes that this filing may have been precipitated by the fact that many people believe it would take a blackout for Governor Davis to be able to get his bailout plan passed by the legislature. It is unlikely that blackouts would happen in April or May, meaning a long wait for the cash strapped QFs to wait to get paid. ? The filing will be against Socal. ? In order to file an involuntary bankruptcy, Coram would have to file along with at least two other creditors owed $10,000 or more. Sources report Coram has two other creditors who will file with them (working on finding out who they are). ? Sources also report that other QFs are "taking legal advice" on how to proceed in light of these developments.
|