/raid1/www/Hosts/bankrupt/TCR_Public/061104.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, November 4, 2006, Vol. 10, No. 263
Headlines
ADELPHIA COMMS: Files Operating Report for Month Ended Sept. 30
ASARCO LLC: Files Operating Report for Month Ended Sept. 30
COLLINS & AIKMAN: Files Operating Report for Month Ended Sept. 30
DELPHI CORP: Files Operating Report for Month Ended Sept. 30
DURA AUTOMOTIVE: Files Operating Report for Month Ended July 2
ENTERGY NEW: Files Operating Report for Month Ended Sept. 30
LARGE SCALE: Posts $248,953 Net Loss for July 2006
LARGE SCALE: Posts $338,550 Net Loss for September 2006
LARGE SCALE: Posts $166,458 Net Loss for August 2006
NEWPOWER HOLDINGS: Files Monthly Report for Period Ended Aug. 31
NEWPOWER HOLDINGS: Files Monthly Report for Period Ended Sept. 31
WINN-DIXIE: Files Operating Report for Month Ended Sept. 20
W.R. GRACE: Files Operating Report for Month Ended Sept. 30
*********
ADELPHIA COMMS: Files Operating Report for Month Ended Sept. 30
---------------------------------------------------------------
Adelphia Communications Corporation, et al.
Consolidated Statement of Net Liabilities
In Liquidation (Unaudited)
As of September 30, 2006
(Dollars in thousands)
ASSETS
Cash and cash equivalents $5,845,972
Restricted cash 33,414
Short-term investments 3,427,648
Receivable for securities 3,768
Proceeds from Sale Transaction held in escrow 702,713
TWC Class A Common Stock 4,750,147
Other assets 237,901
-----------
Total Assets $15,001,563
===========
LIABILITIES AND NET LIABILITIES IN LIQUIDATION
Accounts payable $3,908
Income and other taxes payable 557,268
Accrued liquidation costs 321,411
Other accrued liabilities 347,288
Liabilities subject to compromise 16,722,832
-----------
Total liabilities $17,952,707
-----------
Net Liabilities in Liquidation ($2,951,144)
===========
Adelphia Communications Corporation, et al.
Unaudited Consolidated Statement of Changes
In Net Liabilities In Liquidation
Month Ended September 30, 2006
(Dollars in thousands)
Stockholders' deficit at July 31, 2006 ($2,752,922)
Changes in net liabilities in liquidation:
Adjustment to gain on Sale Transaction (8,092)
Settlement of liabilities subject to compromise 173
Change in estimate of asset's net realizable
value of assets 277
Change in estimate of accrued liquidation costs 191,486)
Interest income 44,647
Interest expense (43,741)
-----------
Net change in net liabilities in liquidation (198,222)
-----------
Net liabilities in liquidation ($2,951,144)
Based in Coudersport, Pa., Adelphia Communications Corporation
(OTC: ADELQ) -- http://www.adelphia.com/-- is the fifth-largest
cable television company in the country. Adelphia serves
customers in 30 states and Puerto Rico, and offers analog and
digital video services, high-speed Internet access and other
advanced services over its broadband networks. The Company and
its more than 200 affiliates filed for Chapter 11 protection in
the Southern District of New York on June 25, 2002. Those
cases are jointly administered under case number 02-41729.
Willkie Farr & Gallagher represents the ACOM Debtors.
PricewaterhouseCoopers serves as the Debtors' financial advisor.
Kasowitz, Benson, Torres & Friedman, LLP, and Klee, Tuchin,
Bogdanoff & Stern LLP represent the Official Committee of
Unsecured Creditors.
Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas Manged Entities, are
entities that were previously held or controlled by members of the
Rigas family. In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision, LLC. The RME Debtors filed for chapter 11 protection
on March 31, 2006 (Bankr. S.D.N.Y. Case Nos. 06-10622 through 06-
10642). Their cases are jointly administered under Adelphia
Communications and its debtor-affiliates chapter 11 cases.
(Adelphia Bankruptcy News, Issue No. 154; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).
ASARCO LLC: Files Operating Report for Month Ended Sept. 30
------------------------------------------------------------
ASARCO LLC, et al.
Balance Sheet
As of September 30, 2006
ASSETS
Current Assets:
Cash $300,217,000
Restricted Cash 25,941,000
Accounts receivable, net 125,837,000
Inventory 323,602,000
Prepaid expenses 11,239,000
Deferred income tax assets 0
Other current assets 14,462,000
--------------
Total Current Assets 801,298,000
Net property, plant and equipment 415,021,000
Other Assets
Investments in subs 89,112,000
Advances to affiliates 13,717,000
Prepaid pension & retirement plan 75,323,000
Non-current deferred tax asset 40,951,000
Other 137,074,000
--------------
Total assets $1,572,497,000
==============
LIABILITIES
Postpetition liabilities:
Accounts payable $44,685,000
Accrued liabilities 29,820,000
Debtor-in-possession financing 0
--------------
Total postpetition liabilities 74,505,000
Prepetition liabilities:
Not subject to compromise - credit 841,000
Not subject to compromise - other 123,759,000
Advances from affiliates 28,683,000
Subject to compromise 874,387,000
--------------
Total prepetition liabilities 1,027,671,000
--------------
Total liabilities $1,102,176,000
--------------
OWNERS' EQUITY (DEFICIT)
Common stock 508,325,000
Additional paid-in capital 104,578,000
Other comprehensive income (124,157,000)
Retained earnings: filing date (531,162,000)
--------------
Total prepetition owners' equity (42,417,000)
Retained earnings: post-filing date 512,738,000
--------------
Total owners' equity (net worth) 470,321,000
Total liabilities and owners' equity $1,572,497,000
==============
ASARCO LLC, et al.
Consolidated Statement of Operations
Month Ending September 30, 2006
Sales $112,711,000
Cost of products and services 68,625,000
--------------
Gross profit 44,086,000
Operating expenses:
Selling and general & admin expenses 4,144,000
Depreciation & amortization 2,407,000
Provision accretion expense of asset
retirement obligation 143,000
--------------
Operating income 37,392,000
Interest expense 60,000
Interest income (2,151,000)
Reorganization expenses 3,337,000
Other miscellaneous (income) expenses (6,673,000)
--------------
Income (loss) before taxes 42,818,000
Income taxes 856,000
--------------
Net income (loss) $41,962,000
==============
ASARCO LLC, et al.
Consolidated Cash Receipts & Disbursements
Month Ending September 30, 2006
Receipts $130,570,000
Disbursements:
Inventory material 49,220,000
Operating disbursements 48,934,000
Capital expenditures 5,827,000
--------------
Total disbursements 103,981,000
Operating cash flow 26,589,000
Reorganization disbursements 2,866,000
--------------
Net cash flow 23,723,000
Net payments to secured Lenders 0
--------------
Net change in cash 23,723,000
Beginning cash balance 302,435,000
--------------
Ending cash balances $326,158,000
Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent. The
Company filed for chapter 11 protection on Aug. 9, 2005 (Bankr.
S.D. Tex. Case No. 05-21207). James R. Prince, Esq., Jack L.
Kinzie, Esq., and Eric A. Soderlund, Esq., at Baker Botts L.L.P.,
and Nathaniel Peter Holzer, Esq., Shelby A. Jordan, Esq., and
Harlin C. Womble, Esq., at Jordan, Hyden, Womble & Culbreth, P.C.,
represent the Debtor in its restructuring efforts. Lehman
Brothers Inc. provides the ASARCO with financial advisory services
and investment banking services. Paul M. Singer, Esq., James C.
McCarroll, Esq., and Derek J. Baker, Esq., at Reed Smith LLP give
legal advice to the Official Committee of Unsecured Creditors and
David J. Beckman at FTI Consulting, Inc., gives financial advisory
services to the Committee. When the Debtor filed for protection
from its creditors, it listed $600 million in total assets and $1
billion in total debts.
The Debtor's five affiliates filed for chapter 11 protection on
April 11, 2005 (Bankr. S.D. Tex. Case Nos. 05-20521 through
05-20525). They are Lac d'Amiante Du Quebec Ltee, CAPCO Pipe
Company, Inc., Cement Asbestos Products Company, Lake Asbestos of
Quebec, Ltd., and LAQ Canada, Ltd. Details about their asbestos-
driven chapter 11 filings have appeared in the Troubled Company
Reporter since Apr. 18, 2005.
Encycle/Texas, Inc. (Bankr. S.D. Tex. Case No. 05-21304), Encycle,
Inc., and ASARCO Consulting, Inc. (Bankr. S.D. Tex. Case No. 05-
21346) also filed for chapter 11 protection, and ASARCO has asked
that the three subsidiary cases be jointly administered
with its chapter 11 case. On Oct. 24, 2005, Encycle/Texas' case
was converted to a Chapter 7 liquidation proceeding. The Court
appointed Michael Boudloche as Encycle/Texas, Inc.'s Chapter 7
Trustee. Michael B. Schmidt, Esq., and John Vardeman, Esq., at
Law Offices of Michael B. Schmidt represent the Chapter 7
Trustee. (ASARCO Bankruptcy News, Issue No. 30; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/
or 215/945-7000).
COLLINS & AIKMAN: Files Operating Report for Month Ended Sept. 30
-----------------------------------------------------------------
Collins & Aikman Corporation
Balance Sheet
As of September 30, 2006
ASSETS
Cash $83,428,748
Accounts receivable-trade, net 160,893,850
Other non-trade receivables 7,028,899
Inventories, net 81,971,279
Tooling and molding, net-current 34,975,731
Prepaids & other current assets 56,486,372
Deferred tax assets-current 0
---------------
Total Current Assets 424,784,880
Investments in subsidiaries 2,530,511,519
Fixed assets, net 289,457,357
Goodwill, net 978,554,071
Deferred tax assets-long term 0
Tooling and molding, net-long term 9,333,487
Other non-current assets 85,543,186
Intercompany accounts, net 98,427,498
Prepetition intercompany, net 707,908,914
---------------
Total Assets $5,124,520,912
===============
LIABILITIES & EQUITY
Notes payable 0
Short term borrowings 0
Advance on receivables 0
Current portion-long term debt 246,048,259
Current portion-capital leases 0
Accounts payable 38,747,565
Accrued interest payable 17,409,441
Accrued & other liabilities 103,678,850
Income taxes payable 5,060,392
---------------
Total current liabilities 410,944,506
Liabilities subject to compromise 2,438,355,907
---------------
Total Liabilities $2,849,300,413
Total equity 2,275,220,499
---------------
Total Liabilities & Equity $5,124,520,912
===============
Collins & Aikman Corporation
Income Statement
As of September 30, 2006
Net outside sales $130,305,524
I/C Net sales 25,033,646
---------------
Total sales 155,339,169
Cost of sales 157,069,374
---------------
Gross profit (1,730,204)
Selling, general & administrative expenses 21,643,118
---------------
Operating income (23,373,322)
Interest expenses 9,878,177
Intercompany interest, net (3,055,151)
Preferred stock accretion 0
Miscellaneous (income) expense (4,261,432)
Corporate allocation adjustment (3,211,075)
Commission income (245,187)
Commission expense 0
Royalty income (536,993)
Foreign transactions (gain) loss (262,548)
---------------
Income from continuing operations before taxes (21,679,113)
Federal income tax 0
Foreign income tax 657,692
State income tax 750,000
---------------
Income from continuing operations (23,086,805)
Discontinued operations 110,035
Gain/Loss on sale of divisions 0
Extraordinary items 0
Integration 0
---------------
Net Income (Loss) ($23,196,840)
Delphi Corporation, et al.
Unaudited Consolidated Balance Sheet
As of September 30, 2006
(In Millions)
ASSETS
Current assets:
Cash and cash equivalents $411
Restricted cash 105
Accounts receivable, net
General Motors and affiliates 2,183
Other third parties 1,179
Non-Debtor subsidiaries 290
Notes receivable from non-Debtor subsidiaries 347
Inventories, net
Productive material, work-in-process and supplies 936
Finished goods 317
Prepaid expenses and other 321
--------
TOTAL CURRENT ASSETS 6,089
Long-term assets:
Property, net 2,496
Investment in affiliates 376
Investments in non-Debtor subsidiaries 3,508
Goodwill 152
Other intangible assets 38
Pension intangible assets 394
Other 322
--------
TOTAL ASSETS $13,375
========
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities not subject to compromise:
Secured debt in default $2,492
Accounts payable 1,274
Accounts payable to non-Debtor subsidiaries 323
Accrued liabilities 1,413
--------
TOTAL CURRENT LIABILITIES 5,502
Long-term liabilities not subject to compromise:
Debtor-in-possession financing 250
Employee benefit plan obligations and other 766
--------
TOTAL LONG-TERM LIABILITIES 1,016
Liabilities subject to compromise 16,706
--------
TOTAL LIABILITIES 23,224
Stockholders' deficit:
Common stock 6
Additional paid-in capital 2,762
Accumulated deficit (10,807)
Minimum pension liability (1,736)
Accumulated other comprehensive loss (22)
Treasury stock, at cost (3.2 million shares) (52)
--------
TOTAL STOCKHOLDERS' DEFICIT (9,849)
--------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $13,375
========
Delphi Corporation, et al.
Unaudited Consolidated Statement of Operations
Month Ended September 30, 2006
(In Millions)
Net sales:
General Motors and affiliates $803
Other customers 527
Intercompany non-Debtor subsidiaries 43
--------
Total net sales 1,373
--------
Operating expenses:
Cost of sales 1,439
U.S. employee special attrition program charges 471
Selling, general and administrative 88
Depreciation and amortization 48
Goodwill and long-lived asset impairment charges -
--------
Total operating expenses 2,046
--------
Operating loss (673)
Interest expense (35)
Other expense, net (1)
Reorganization items (13)
Income tax benefit (expense) 15
Equity income from non-consolidated subsidiaries 6
Equity income from non-Debtor subsidiaries, net of tax 28
Cumulative effect of accounting charge, net of tax -
--------
NET LOSS ($673)
========
Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems. The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world. The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927). Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring. Lazard Freres & Co., LLC, provides the Debtor
with investment banking services. Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee. When the Debtors
filed for protection from their creditors, they listed
$3,196,700,000 in total assets and $2,856,600,000 in total
debts. (Collins & Aikman Bankruptcy News, Issue No. 44;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)
DELPHI CORP: Files Operating Report for Month Ended Sept. 30
------------------------------------------------------------
Delphi Corporation, et al.
Unaudited Consolidated Statement of Cash Flows
Month Ended September 30, 2006
(In Millions)
Cash flows from operating activities:
Net loss ($673)
Adjustments to reconcile net loss
to net cash provided by operating activities:
Depreciation and amortization 48
Pension and other postretirement benefit expenses 124
Equity income from unconsolidated subsidiaries, net (6)
Equity income from non-Debtor subsidiaries, net of tax (28)
Reorganization items 13
U.S. employee attrition program charges 471
Changes in operating assets and liabilities:
Accounts receivable, net (286)
Inventories, net (6)
Prepaid expenses and other 52
Accounts payable, accrued and other long-term debts (81)
Pension contributions (7)
Other postretirement benefit payments (21)
Receipts (payments) for reorganization items, net (6)
Other (33)
--------
Net cash used in operating activities (439)
Cash flows from investing activities:
Capital expenditures (10)
Decrease in restricted cash 5
Proceeds from sale of property 4
Other (3)
--------
Net cash used in investing activities (4)
Cash flows from financing activities:
Repayments under cash overdraft -
Repayments of borrowings under other debt (1)
--------
Net cash used in financing activities (1)
--------
Decrease in cash and cash equivalents (444)
Cash and cash equivalents at beginning of period 855
--------
Cash and cash equivalents at end of period $411
Troy, Mich.-based Delphi Corporation -- http://www.delphi.com/--
is the single largest global supplier of vehicle electronics,
transportation components, integrated systems and modules, and
other electronic technology. The Company's technology and
products are present in more than 75 million vehicles on the road
worldwide. The Company filed for chapter 11 protection on Oct. 8,
2005 (Bankr. S.D.N.Y. Lead Case No. 05-44481). John Wm. Butler
Jr., Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, represent the Debtors in
their restructuring efforts. Robert J. Rosenberg, Esq., Mitchell
A. Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins
LLP, represents the Official Committee of Unsecured Creditors. As
of Aug. 31, 2005, the Debtors' balance sheet showed
$17,098,734,530 in total assets and $22,166,280,476 in total
debts. (Delphi Bankruptcy News, Issue No. 46; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000)
DURA AUTOMOTIVE: Files Operating Report for Month Ended July 2
--------------------------------------------------------------
Dura Automotive Systems, Inc., and Subsidiaries
Condensed Unaudited Consolidated Balance Sheet
As of July 2, 2006
(Dollars in thousands)
ASSETS
Current assets:
Cash and cash equivalents $123,042
Accounts receivable, net of reserve 332,563
Inventories 142,625
Other current assets 113,917
----------
Total current assets 712,147
----------
Property, plant and equipment, net 473,233
Goodwill, net 887,870
Other assets, net of accumulated amortization 72,233
----------
$2,145,483
==========
LIABILITIES AND STOCKHOLDERS' INVESTMENT
Current liabilities:
Accounts payable $250,960
Accrued liabilities 197,908
Current maturities of long-term debt 3,042
----------
Total current liabilities 451,910
----------
Long-term debt, net of current maturities 278,809
Senior unsecured notes 400,000
Senior subordinated notes 532,519
Convertible trust preferred securities subject
to mandatory redemption 55,250
Senior notes - derivative instrument adjustment (22,968)
Minority interests 5,122
Other non-current liabilities 190,454
Stockholders' investment:
Common stock 189
Additional paid-in capital 352,271
Treasury stock at cost (1,781)
Accumulated deficit (229,816)
Accumulated other comprehensive income 133,524
----------
Total stockholders' investment 254,387
----------
$2,145,483
Rochester Hills, Michigan-based DURA Automotive Systems, Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- designs and
manufactures driver control systems, seating control systems,
glass systems, engineered assemblies, structural door modules and
exterior trim systems for the global automotive industry. The
company also supplies similar products to the recreation vehicle
and specialty vehicle industries.
The Debtors filed for chapter 11 protection on October 30, 2006
(U.S. Bankr. Del. Case No: 06-11202). Daniel J. DeFranceschi,
Esq.., and Jason M. Madron, Esq., at Richards, Layton & Finger,
P.A. represent the Debtors. No Official Committee of Unsecured
Creditors has been appointed in this case to date. As of July 2,
2006, the Debtors reported $1,993,178,000 in total assets and
$1,730,758,000 total debts. (DURA Automotive Systems Inc.
Bankruptcy News, Issue No. 1; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).
ENTERGY NEW: Files Operating Report for Month Ended Sept. 30
------------------------------------------------------------
Entergy New Orleans, Inc.
Balance Sheet
As of September 30, 2006
(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents $12,933
Cash -
Temporary cash investments -
----------
Total cash and cash equivalents 12,933
Accounts receivable:
Customer 61,631
Allowance for doubtful accounts (10,781)
Associated companies 5,065
Other 6,933
Accrued unbilled revenues 30,758
----------
Total accounts receivable 93,606
Deferred fuel costs 28,391
Fuel inventory 3,554
Materials and supplies 6,905
Prepayments and other 6,904
----------
Total current assets 152,293
Other Property and Investments
Investment in affiliates 3,259
Non-utility property at cost 1,107
----------
Total other property and investments 4,366
Utility Plant
Electric 745,271
Natural gas 193,642
Construction work in progress 53,759
----------
Total Utility Plant 992,672
Less - accumulated depreciation and amortization 437,717
----------
Utility plant - net 554,955
Deferred Debits and Other Assets
Regulatory assets:
Other regulatory assets 175,389
Long term receivables 1,022
Other 21,883
----------
Total deferred debits and other assets 198,294
----------
TOTAL ASSETS $909,908
==========
LIABILITIES:
Postpetition liabilities:
Taxes payable $4,221
Accounts payable 44,746
DIP credit facility 31,841
----------
Total postpetition liabilities 80,808
Current liabilities:
Currently maturing long-term debt -
Notes payable -
Accounts payable:
Associated companies 64,846
Other 70,291
Customer deposits 13,137
Taxes accrued 587
Accumulated deferred income taxes 5,915
Interest accrued 3,766
Energy efficiency program provision -
Other 4,304
----------
Total current liabilities 162,846
Non-current liabilities:
Accumulated deferred income taxes & taxes accrued 123,750
Accumulated deferred investment tax credits 3,253
SFAS 109 regulatory liability - net 60,009
Other regulatory liabilities -
Accumulated provisions 7,987
Pension liability 40,087
Long-term debt 229,871
Other 7,925
----------
Total non-current liabilities 472,882
----------
Total Liabilities 716,536
Commitments and Contingencies:
SHAREHOLDERS' EQUITY
Preferred stock without sinking fund 19,780
Common stock, $4 par value, authorized
10,000,000 shares; issued and
outstanding 8,435,900 shares in
2005 and 2004 33,744
Paid-in capital 36,294
Retained earnings -- prepetition 99,593
Retained earnings -- postpetition 3,961
----------
Total shareholders equity 193,372
----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $909,908
==========
Entergy New Orleans, Inc.
Statement of Operations
Month Ended September 30, 2006
(in thousands)
Operating Revenues
Domestic electric $44,926
Natural gas 4,296
----------
Total operating revenues 49,222
Operating Expenses:
Operation and maintenance
Fuel 12,822
Purchased power 16,306
Other operation and maintenance 6,869
Taxes other than income taxes 2,363
Depreciation and amortization 2,959
Other regulatory charges - net 346
----------
Total operating expenses 41,665
----------
Operating income 7,557
Other income:
Allowance for equity funds used
during construction 287
Interest and dividend income 259
Miscellaneous - net (39)
----------
Total other income 507
Interest and other charges:
Interest on long-term debt 333
Other interest-net 451
Allowance for borrowed funds used
during construction (225)
----------
Total interest and other charges 559
Income (loss) before income taxes 7,505
Income taxes 2,895
----------
NET INCOME $4,610
==========
Entergy New Orleans, Inc.
Cash Receipts and Disbursement Statement
Month Ended September 30, 2006
Beginning cash balance $12,985,590
Cash receipts 71,915,277
Cash disbursements (71,967,816)
-----------
Net cash flow (52,539)
-----------
ENDING CASH BALANCE $12,933,051
Headquartered in Baton Rouge, Louisiana, Entergy New Orleans Inc.
-- http://www.entergy-neworleans.com/-- is a wholly owned
subsidiary of Entergy Corporation. Entergy New Orleans provides
electric and natural gas service to approximately 190,000 electric
and 147,000 gas customers within the city of New Orleans. Entergy
New Orleans is the smallest of Entergy Corporation's five utility
companies and represents about 7% of the consolidated revenues and
3% of its consolidated earnings in 2004. Neither Entergy
Corporation nor any of Entergy's other utility and non-utility
subsidiaries were included in Entergy New Orleans' bankruptcy
filing. Entergy New Orleans filed for chapter 11 protection on
Sept. 23, 2005 (Bankr. E.D. La. Case No. 05-17697). Elizabeth J.
Futrell, Esq., and R. Partick Vance, Esq., at Jones, Walker,
Waechter, Poitevent, Carrere & Denegre, L.L.P., represent the
Debtor in its restructuring efforts. Carey L. Menasco, Esq.,
Philip Kirkpatrick Jones, Jr., Esq., and Joseph P. Hebert, Esq.,
at Liskow & Lewis, APLC, represent the Official Committee of
Unsecured Creditors. When the Debtor filed for protection from
its creditors, it listed total assets of $703,197,000 and total
debts of $610,421,000. (Entergy New Orleans Bankruptcy News,
Issue No. 26; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).
LARGE SCALE: Posts $248,953 Net Loss for July 2006
--------------------------------------------------
Large Scale Biology Corp. filed its filed its monthly operating
report for July 2006 with the United States Bankruptcy Court for
the District of Nebraska on May 30, 2006.
The Debtor reported no sale and revenue for the month ended
July 30, 2006. Net loss for the month ended July 30 was
$248,953.
At July 30, 2006, Large Scale Biology Corp.'s balance sheet
showed:
Total Current Assets $18,946,753
Total Assets $21,566,192
Total Liabilities $798,058
Total Shareholders' Deficit $20,768,134
A full-text copy of Large Scale Biology Corp.'s July 2006 Monthly
Operating Report is available at no charge at
http://ResearchArchives.com/t/s?1478
Headquartered in Vacaville, California, Large Scale Biology
Corporation -- http://www.lsbc.com/-- develops, manufactures and
sells plant-made pharmaceutical proteins and vaccines. LSBC and
its debtor-affiliates filed for chapter 11 protection on Jan. 9,
2006. (Bankr. E.D. Calif. Case No. 06-20046). Paul J. Pascuzzi,
Esq., at Felderstein Fitzgerald Willoughby & Pascuzzi, represent
the Debtors in their restructuring efforts. Donna T. Parkinson,
Esq., in Sacramento, California, represents the Official
Committee of Unsecured Creditors. At June 30, 2006, Large
Scale Biology Corporation's balance sheet showed total assets
of $19,733,999 and total debts of $8,895,285.
LARGE SCALE: Posts $338,550 Net Loss for September 2006
-------------------------------------------------------
Large Scale Biology Corp. filed its filed its monthly operating
report for September 2006 with the United States Bankruptcy Court
for the District of Nebraska on Oct. 31, 2006.
The Debtor reported no sale and revenue for the month ended
Oct. 30, 2006. Net loss for the month ended Oct. 30 was
$338,550.
At Sept. 31, 2006, Large Scale Biology Corp.'s balance sheet
showed:
Total Current Assets $18,641,790
Total Assets $21,158,051
Total Liabilities $9,011,952
Total Shareholders' Deficit $12,146,099
A full-text copy of Large Scale Biology Corp.'s September 2006
Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?1477
Headquartered in Vacaville, California, Large Scale Biology
Corporation -- http://www.lsbc.com/-- develops, manufactures and
sells plant-made pharmaceutical proteins and vaccines. LSBC and
its debtor-affiliates filed for chapter 11 protection on Jan. 9,
2006. (Bankr. E.D. Calif. Case No. 06-20046). Paul J. Pascuzzi,
Esq., at Felderstein Fitzgerald Willoughby & Pascuzzi, represent
the Debtors in their restructuring efforts. Donna T. Parkinson,
Esq., in Sacramento, California, represents the Official
Committee of Unsecured Creditors. At June 30, 2006, Large
Scale Biology Corporation's balance sheet showed total assets
of $19,733,999 and total debts of $8,895,285.
LARGE SCALE: Posts $166,458 Net Loss for August 2006
----------------------------------------------------
Large Scale Biology Corp. filed its filed its monthly operating
report for July 2006 with the United States Bankruptcy Court for
the District of Nebraska on May 10, 2006.
The Debtor reported no sale and revenue for the month ended
Aug. 31, 2006. Net loss for the month ended Aug. 31 was
$166,458.
At Aug. 31, 2006, Large Scale Biology Corp.'s balance sheet
showed:
Total Current Assets $18,789,270
Total Assets $21,359,068
Total Liabilities $8,892,260
Total Shareholders' Deficit $12,466,808
A full-text copy of Large Scale Biology Corp.'s August 2006
Monthly Operating Report is available at no charge at
http://ResearchArchives.com/t/s?1476
Headquartered in Vacaville, California, Large Scale Biology
Corporation -- http://www.lsbc.com/-- develops, manufactures and
sells plant-made pharmaceutical proteins and vaccines. LSBC and
its debtor-affiliates filed for chapter 11 protection on Jan. 9,
2006. (Bankr. E.D. Calif. Case No. 06-20046). Paul J. Pascuzzi,
Esq., at Felderstein Fitzgerald Willoughby & Pascuzzi, represent
the Debtors in their restructuring efforts. Donna T. Parkinson,
Esq., in Sacramento, California, represents the Official
Committee of Unsecured Creditors. At June 30, 2006, Large
Scale Biology Corporation's balance sheet showed total assets
of $19,733,999 and total debts of $8,895,285.
NEWPOWER HOLDINGS: Files Monthly Report for Period Ended Aug. 31
----------------------------------------------------------------
NewPower Holdings, Inc., filed its Monthly Operating Report for
the period from July 31, 2006, to Aug. 31, 2006, with the U.S.
Bankruptcy Court for the Northern District of Georgia, Newnan
Division on Sept. 29, 2006. The company reports an opening
cash balance of $50,778,000 and a closing cash balance of
$50,754,000.
A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from July 31, 2006, to Aug. 30, 2006, is
available at no charge at http://ResearchArchives.com/t/s?147b
NewPower Holdings, Inc., and its debtor-affiliates filed for
chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836).
Paul K. Ferdinands, Esq., at King & Spalding and William M.
Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the
Debtors. When the Debtors filed for chapter 11 protection, they
reported $231,837,000 in assets and $87,936,000 in debts.
On Aug. 15, 2003, the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division, confirmed the
Second Amended Chapter 11 Plan with respect to NewPower Holdings,
Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the
Company. That Plan became effective on Oct. 9, 2003, with respect
to the Company and TNPC.
On Feb. 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of March
11, 2003 with respect to New Power. The New Power Company is a
wholly owned subsidiary of the Company.
NEWPOWER HOLDINGS: Files Monthly Report for Period Ended Sept. 31
-----------------------------------------------------------------
NewPower Holdings, Inc., filed its Monthly Operating Report for
the period from Aug. 31, 2006, to Sept. 31, 2006, with the U.S.
Bankruptcy Court for the Northern District of Georgia, Newnan
Division on Oct. 25, 2006. The company reports an opening
cash balance of $ 50,754,000 and a closing cash balance of
$ 50,776,000.
A full-text copy of NewPower Holdings, Inc.'s Monthly Operating
Report for the period from Aug. 31, 2006, to Sept. 30, 2006, is
available at no charge at http://ResearchArchives.com/t/s?147a
NewPower Holdings, Inc., and its debtor-affiliates filed for
chapter 11 protection on June 11, 2002 (Bankr. N.D. Ga. 02-10836).
Paul K. Ferdinands, Esq., at King & Spalding and William M.
Goldman, Esq., at Sidley Austin Brown & Wood LLP represent the
Debtors. When the Debtors filed for chapter 11 protection, they
reported $231,837,000 in assets and $87,936,000 in debts.
On Aug. 15, 2003, the United States Bankruptcy Court for the
Northern District of Georgia, Newnan Division, confirmed the
Second Amended Chapter 11 Plan with respect to NewPower Holdings,
Inc., and TNPC Holdings, Inc., a wholly owned subsidiary of the
Company. That Plan became effective on Oct. 9, 2003, with respect
to the Company and TNPC.
On Feb. 28, 2003, the Bankruptcy Court confirmed The New
Power Company's Plan, and that Plan has been effective as of March
11, 2003 with respect to New Power. The New Power Company is a
wholly owned subsidiary of the Company.
WINN-DIXIE: Files Operating Report for Month Ended Sept. 20
-----------------------------------------------------------
Winn-Dixie Stores, Inc., et al.
Unaudited Consolidated Balance Sheet
At September 20, 2006
(In Thousands)
ASSETS
Current assets:
Cash and cash equivalents $261,583
Marketable securities 14,507
Trade and other receivables 134,945
Insurance claims receivable 21,386
Income tax receivable 42,029
Merchandise inventories, net 454,359
Prepaid expenses and other current assets 35,387
----------
Total current assets 964,196
----------
Property, plant and equipment, net 487,627
Other assets, net 86,587
----------
Total assets $1,538,410
==========
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities:
Current borrowings under DIP Credit Facility $40,000
Current portion of long-term debt 237
Current obligations under capital leases 3,710
Accounts payable 212,115
Reserve for self-insurance liabilities 76,205
Accrued wages and salaries 76,956
Accrued rent 48,550
Accrued expenses 91,967
----------
Total current liabilities 549,740
----------
Reserve for self-insurance liabilities 151,606
Long-term debt 103
Obligations under capital leases 4,653
Other liabilities 20,028
----------
Total liabilities not subject to compromise 726,130
----------
Liabilities subject to compromise 1,116,593
----------
Total liabilities 1,842,723
Shareholders' deficit:
Common stock 141,858
Additional paid-in-capital 36,412
Accumulated deficit (462,628)
Accumulated other comprehensive loss (19,955)
----------
Total shareholders' deficit (304,313)
----------
Total liabilities and shareholders' deficit $1,538,410
Winn-Dixie Stores, Inc., et al.
Unaudited Consolidated Statement of Operations
Four Weeks Ended September 20, 2006
(In Thousands)
Net sales $535,210
Cost of sales, net 392,080
----------
Gross profit on sales 143,130
Other operating and administrative expenses 148,043
Impairment charges 2,035
Restructuring loss 283
----------
Operating loss (7,231)
Interest expense, net 875
----------
Loss before reorganization items and income taxes (8,106)
Reorganization items, net expense 373
Income tax benefit (1,413)
----------
Net loss from continuing operations (7,066)
Discontinued operations:
Gain from discontinued operations 1,499
Loss on disposal of discontinued operations (2,135)
Income tax expense 0
----------
Net loss from discontinued operations (636)
----------
Net loss ($7,702)
Winn-Dixie Stores, Inc., et al.
Unaudited Consolidated Statement of Cash Flows
Four Weeks Ended September 20, 2006
(In Thousands)
Cash flows from operating activities:
Net loss ($7,702)
Adjustments to reconcile net loss to
net cash used in operating activities:
Loss on sales of assets, net 2,086
Reorganization items, net 373
Impairment charges 2,114
Depreciation and amortization 7,137
Stock compensation plans 420
Change in operating assets and liabilities:
Trade and other receivables 787
Merchandise inventories (5,426)
Prepaid expenses and other current assets 685
Accounts payable (109)
Reserve for self-insurance liabilities 450
Lease liability on closed facilities (15,627)
Income taxes receivable (1,983)
Defined benefit plan (279)
Other accrued expenses 238
----------
Net cash used in operating activities
before reorganization items (16,836)
Cash effect of reorganization items (2,798)
----------
Net cash used in operating activities (19,634)
Cash flows from investing activities:
Purchases of property, plant and equipment (6,966)
Increase in investments and other assets (2,512)
Sales of assets 18,299
Purchases of marketable securities (1,024)
Sales of marketable securities 1,034
Other (209)
----------
Net cash provided by investing activities 8,622
Cash flows from financing activities:
Gross borrowings on DIP Credit Facility 756
Gross payments on DIP Credit Facility (756)
Increase in book over-drafts 15,448
Principal payments on
capital lease obligations (110)
Principal payments on long-term debt (18)
Debt issuance costs (163)
Other (158)
----------
Net cash provided by financing activities 14,999
Increase in cash and cash equivalents 3,990
Cash and cash equivalents at
beginning of period 257,593
----------
Cash and cash equivalents at end of period $261,583
Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc.
-- http://www.winn-dixie.com/-- is one of the nation's largest
food retailers. The Company operates 527 stores in Florida,
Alabama, Louisiana, Georgia, and Mississippi. The Company,
along with 23 of its U.S. subsidiaries, filed for chapter 11
protection on Feb. 21, 2005 (Bankr. S.D.N.Y. Case No. 05-11063,
transferred Apr. 14, 2005, to Bankr. M.D. Fla. Case Nos.
05-03817 through 05-03840). D.J. Baker, Esq., at Skadden
Arps Slate Meagher & Flom LLP, and Sarah Robinson Borders,
Esq., and Brian C. Walsh, Esq., at King & Spalding LLP,
represent the Debtors in their restructuring efforts.
Paul P. Huffard at The Blackstone Group, LP, gives
financial advisory services to the Debtors. Dennis F. Dunne,
Esq., at Milbank, Tweed, Hadley & McCloy, LLP, and John B.
Macdonald, Esq., at Akerman Senterfitt give legal advice to
the Official Committee of Unsecured Creditors. Houlihan Lokey &
Zukin Capital gives financial advisory services to the
Committee. When the Debtors filed for protection from their
creditors, they listed $2,235,557,000 in total assets and
$1,870,785,000 in total debts. (Winn-Dixie Bankruptcy News,
Issue No. 58; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).
W.R. GRACE: Files Operating Report for Month Ended Sept. 30
-----------------------------------------------------------
W. R. Grace & Co. and Subsidiaries
Consolidated Balance Sheets
(Unaudited)
in millions
Sep. 30, Dec. 31,
2006 2005
-------- --------
ASSETS
Current Assets
Cash and cash equivalents $453.7 $474.7
Trade accounts receivable, net 486.5 401.7
Inventories 287.4 278.3
Deferred income taxes 29.3 27.3
Other current assets 56.3 71.6
-------- --------
Total Current Assets 1,313.2 1,253.6
Properties and equipment, net 650.8 632.9
Goodwill 114.0 103.9
Cash value of life insurance policies, net 86.9 84.8
Deferred income taxes 737.2 703.9
Asbestos-related insurance expected to be
realized after one year 500.0 500.0
Other assets 238.6 238.1
-------- --------
Total Assets $3,640.7 $3,517.2
======== ========
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Liabilities Not Subject to Compromise
Current Liabilities
Debt payable within one year $3.2 $2.3
Accounts payable 179.8 166.8
Income taxes payable 5.8 10.1
Other current liabilities 222.4 197.9
-------- --------
Total Current Liabilities 411.2 377.1
Debt payable after one year 0.4 0.4
Deferred income taxes 63.2 54.3
Minority interest in consolidated affiliates 63.6 36.4
Unfunded defined benefit pension liability 392.6 447.5
Other liabilities 42.2 41.7
-------- --------
Total Liabilities Not Subject to Compromise 973.2 957.4
Liabilities Subject to Compromise
Prepetition debt plus accrued interest 725.3 684.7
Accounts payable 31.7 31.5
Income tax contingencies 133.7 134.5
Asbestos-related liability 1,700.0 1,700.0
Environmental remediation 363.2 342.0
Post-retirement benefits 175.4 187.7
Other liabilities 82.3 72.7
-------- --------
Total Liabilities Subject to Compromise 3,211.6 3,155.1
-------- --------
Total Liabilities 4,184.8 4,112.5
-------- -------
Shareholders' Equity (Deficit)
Common stock 0.8 0.8
Paid-in capital 423.2 423.4
Accumulated deficit (492.6) (505.9)
Treasury stock, at cost (103.8) (119.7)
Accumulated other comprehensive loss (371.7) (393.9)
--------- --------
Total Shareholders' Equity (Deficit) (544.1) (595.3)
--------- --------
Total Liabilities and Shareholders'
Equity (Deficit) $3,640.7 $3,517.2
========= ========
W. R. Grace & Co. and Subsidiaries
Consolidated Statement of Operations
(Unaudited)
in Millions
Three Months Ended
September 30
==================
2006 2005
-------- --------
Net sales $741.4 $653.4
-------- --------
Cost of goods sold, exclusive of
depreciation and amortization 483.8 426.0
Selling, general and administrative
expenses, exclusive of
net pension expense 148.6 109.5
Depreciation and amortization 29.2 30.5
Research and development expenses 15.5 14.9
Net pension expense 15.9 17.3
Interest expense and related financing costs 18.8 13.4
Other (income) expense (6.3) (4.4)
-------- --------
705.5 607.2
Income (loss) before Chapter 11 expenses,
income taxes and minority interest 35.9 46.2
Chapter 11 expenses, net (12.0) (9.3)
Benefit from (provision for) income taxes 2.4 2.6
Minority interest in consolidated entities (7.9) (7.4)
-------- --------
Net income (loss) $18.4 $32.1
W. R. Grace & Co. and Subsidiaries
Consolidated Statement of Cash Flows
(Unaudited)
in Millions
Nine Months Ended
September 30
-----------------
2006 2005
-------- --------
OPERATING ACTIVITIES
Net income (loss) $13.3 $67.9
Reconciliation to net cash provided by
(used for) operating activities:
Chapter 11 expenses, net 32.2 19.9
(Benefit from) provision for income taxes 5.4 26.0
Minority interest in consolidated entities 26.2 18.4
Depreciation and amortization 85.7 91.2
Interest accrued on prepetition debt
subject to compromise 53.1 37.7
Net (gain) loss on sale of investments and
disposals of assets (2.6) (0.2)
Net pension expense 47.5 54.4
Payments to fund pension plans (109.5) (32.8)
Provision for uncollectible receivables 3.2 2.2
Provision for environmental remediation 30.0 -
Loss on sale of business - 1.1
Income from life insurance policies, net (2.2) (1.6)
Payments under post-retirement benefit programs (10.7) (8.3)
Expenditures for environmental remediation (8.7) (4.7)
Expenditures for retained obligations of
divested businesses (2.7) (0.7)
Changes in assets and liabilities, excluding
effect of businesses acquired/divested and
foreign currency translation:
Working capital items (59.7) (60.8)
Other accruals and non-cash items 11.5 (33.4)
------- --------
Net cash provided by (used for) operating
activities before income taxes, Chap. 11
expenses, and settlement of non-core
contingencies 112.0 176.3
Cash paid to settle non-core contingencies - (119.7)
Chapter 11 expenses paid, net (26.4) (14.0)
Income taxes paid, net of refunds (36.2) (27.8)
------- --------
Net cash provided by (used for) operating
activities 49.4 14.8
INVESTING ACTIVITIES
Capital expenditures (82.5) (59.2)
Business acquired, net of cash acquired (20.0) (2.5)
Proceeds from termination of life
insurance policies - 14.8
Net investment in life insurance policies (0.2) 0.4
Proceeds from sales of investments
and disposals of assets 7.3 1.7
Proceeds from sale of business - 4.5
------- --------
Net cash provided by (used for)
investing activities (95.0) (40.3)
FINANCING ACTIVITIES
Net payments of loans secured by cash
value of life insurance policies (0.1) (0.5)
Net (repayments) borrowings under credit
arrangements 0.5 (9.7)
Fees under DIP facility (1.8) (1.5)
Proceeds from exercise of stock options 15.8 3.1
------- --------
Net cash provided by (used for) financing
activities 14.4 (8.6)
------- --------
Effect of currency exchange rate changes
on cash and cash equivalents 10.2 (12.8)
------- --------
Increase (decrease) in cash and
cash equivalents (21.0) (46.9)
Cash & cash equivalents, beginning of period 474.7 510.4
------- --------
Cash & cash equivalents, end of period $453.7 $463.5
Headquartered in Columbia, Maryland, W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally. The Company and its
debtor-affiliates filed for chapter 11 protection on April 2, 2001
(Bankr. D. Del. Case No. 01-01139). James H.M. Sprayregen, Esq.,
at Kirkland & Ellis, and Laura Davis Jones, Esq., at Pachulski,
Stang, Ziehl, Young, Jones & Weintraub, P.C., represent the
Debtors in their restructuring efforts. The Debtors hired
Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.
Stroock & Stroock & Lavan LLP represent the Official Committee of
Unsecured Creditors. The Creditors Committee tapped Capstone
Corporate Recovery LLC for financial advice. David T. Austern,
the legal representative of future asbestos personal injury
claimants, is represented by Orrick Herrington & Sutcliffe LLP and
Phillips Goldman & Spence, PA. Anderson Kill & Olick, P.C.,
represent the Official Committee of Asbestos Personal Injury
Claimants. The Asbestos Committee of Property Damage Claimants
tapped Martin W. Dies, III, Esq., at Dies & Hile L.L.P., and C.
Alan Runyan, Esq., at Speights & Runyan,to represent it. Lexecon,
LLP, provided asbestos claims consulting services to
the Official Committee of Equity Security Holders. (W.R. Grace
Bankruptcy News, Issue No. 118; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
are not intended to reflect actual trades. Prices for actual
trades are probably different. Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets. At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets. A company may establish reserves on its balance sheet for
liabilities that may never materialize. The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.
A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com/
On Thursdays, the TCR delivers a list of recently filed chapter 11
cases involving less than $1,000,000 in assets and liabilities
delivered to nation's bankruptcy courts. The list includes links
to freely downloadable images of these small-dollar petitions in
Acrobat PDF format.
Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/books/to order any title today.
Monthly Operating Reports are summarized in every Saturday edition
of the TCR.
For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA. Marie Therese V. Profetana, Robert Max Victor M. Quiblat II,
Shimero R. Jainga, Joel Anthony G. Lopez, Melvin C. Tabao, Rizande
B. Delos Santos, Cherry A. Soriano-Baaclo, Ronald C. Sy, Jason A.
Nieva, Lucilo M. Pinili, Jr., Tara Marie A. Martin, and Peter A.
Chapman, Editors.
Copyright 2006. All rights reserved. ISSN: 1520-9474.
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*** End of Transmission ***