text_combined: california power 2 9 following information sensitive sources please treat discretion contact robert johnston x 39934 kristin walsh x 39510 questions additional info bankruptcy early week closed door meeting held western power trading forum arizona meeting took place outside california avoid press coverage allow ipps maintain low profile association representatives believe regardless happens puc vs utilities ruling expected monday ipps take utilities involuntary bankruptcy source expects absent significant last minute breakthrough filing happen within next two weeks probably next week stated yesterdays report ipps low cash able cover debts pg e socal three creditors needed uncollected debts 10 000 file involuntary bankruptcy bail davis meeting chief executives utilities last ditch effort make deal prior monday court ruling likely scenario state ownership utilities transmissions assets however coming agreed upon price challenging addition pg e edison appear competing agendas pursuing bail plan davis expect continue meetings weekend hopes reaching agreement monday