text_combined: bankruptcy california implications growth energy name bankruptcy california implications growth energy names would sell energy merchants power producers news pcg declared chapter 11 bankruptcy ongoing payments california made state therefore anticipate material exposure ongoing earnings primary exposure current receivables 1 one time amounts limited roughly estimate max 50 2001 earnings 2 expect trade creditors get high priority bankruptcy proceeding think amounts likely recoverable although significant perhaps several year delay possible claimants work way bankruptcy process rough estimation companies fairly significant one time earnings exposure include nrg mir dyn cpn companies fairly small exposure include ene aes wmb epg duk raymond c niles power natural gas research salomon smith barney 212 816 2807 ray niles ssmb com pcg bankruptcy 4 9 01 pdf pcg bankruptcy 4 9 01 doc