Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.3 alpha 4/15/85; site leadsv.UUCP 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