Executive: Duke agrees to forebear but not forgive California receivables

No proposal has been set in stone, but Jim Donnell, president of Duke Energy North America, said if certain conditions are met the big energy concern would forbear collecting receivables from financially strapped California investor-owned utilities, the California Independent System Operator, and California Power Exchange for a “very short period of time–weeks not months.”

TULSA, Okla., Jan. 11, 2001 – A conference located in the epicenter of California’s deregulation problems will grapple with some of these issues and more on Feb. 5-7.

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