Public-utility bankruptcy: lessons for management and creditors

Journal Article · Thu Dec 06 04:00:00 EST 1984 · Public Util. Fortn.; (United States)

OSTI ID:6021631

Worenklein, J J; Gerstell, G S

Cash-flow crises and balance sheet insolvency resulting from inadequate rate relief and the interruption or cancellation of major construction projects have brought several utilities perilously close to bankruptcy proceedings. Given the uniquely regulated revenue structure of utilities and their obligation to provide essential service to the public, what guidelines would govern a utility company's operations during bankruptcy and its plan for reorganization. This article reviews the significant effects of public utility bankruptcy from the creditors' perspective and suggests several management strategies aimed at easing the pressures which may lead to more serious financial crises.

• Research Organization: Milbank, Tweed, Hadley and McCloy, New York, NY
• OSTI ID: 6021631
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 114:12; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
296000 -- Energy Planning & Policy-- Electric Power
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320603* -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
FINANCING
MANAGEMENT
ORGANIZING
PUBLIC UTILITIES
RATE STRUCTURE