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Path: utzoo!linus!philabs!prls!amdimage!amdcad!cae780!leadsv!morse
From: morse@leadsv.UUCP (Terry Morse)
Newsgroups: net.invest
Subject: MSU to file chapter 11 ???
Message-ID: <587@leadsv.UUCP>
Date: Fri, 16-Aug-85 12:17:31 EDT
Article-I.D.: leadsv.587
Posted: Fri Aug 16 12:17:31 1985
Date-Received: Tue, 20-Aug-85 01:31:09 EDT
Distribution: na
Organization: Lockheed, Sunnyvale CA
Lines: 21
Keywords: SEC, rate relief

The Securities and Exchange Commission has announced today that Middle South
Utilities may have to file for chapter 11 protection (that's bankruptcy).
It seems that the state of Louisiana has refused to grant MSU rate
increases to offset the cost of their nuclear power plant.

I can't believe that Louisiana would let their power company go into
chapter 11!  The scare produced by the possibility of interrupted power
should be enough to sway the legislature.  Not to mention all the widows
and orphans who depend on MSU dividends for their income.  The SEC has just
added some more urgency to the problem.

The stock was at 8 3/4 at 12:00 EDT on 8/16.  That's down from 15 last
month.  Looks like a pretty good buy, don't you think?  Especially when the
book value is 25.

Does anybody have any more news on MSU?  We widows and orphans want to know
what to do with our stock.
-- 

Terry Morse  (408)743-1487
{ seismo!nsc!cae780 } | { sun!sunncal } !leadsv!morse