Adelphia Settles Claims With Utilities

Law360, New York (April 18, 2007, 12:00 AM EDT) -- A Manhattan bankruptcy judge has signed off on agreements between Adelphia Communications Corp. and two power companies, settling claims against the former bankrupt cable provider for $1.85 million.

The settlements with Southern California Edison (SCE) and Duke Energy Corp. resolve all disputes between the parties over claims by the utilities relating to electricity accounts and other agreements.

Under the deal Adelphia, which emerged from bankruptcy in February, will pay $1.813 million to SCE and a further $45,639 to Duke within ten days of the court’s approval....
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