On the recordMarch 13, 2001
If my colleague will let me reclaim my time, again, there is absolutely nothing in the four corners of this amendment that would give a preference to Bonneville Power and the other public entities involved. The fact is Bonneville and the other public entities would not get priority over claims of secured creditors, for example, because my colleague has been speaking about creditors and the utilities tonight, and Bonneville gets no preference. All we are saying is that coming out of bankruptcy, there has to be a plan to pay back government agencies. It does not say there has to be a plan to give the people of the Pacific Northwest first crack. It does not say there has to be a plan making Bonneville, again, a preferred creditor. It just says there must be a piece of paper that makes sure the people to whom you sent that thank-you letter, that really gracious thank-you letter where you thanked them in all capital letters--you said, ``Thank you, Pacific Northwest''--all we are saying is that at some point those people you said thank you to should have something that would indicate they are not going to get stiffed but will eventually get paid back. I hope overnight our staffs can work together on this point. You are right; we do have a philosophical difference, and it was expressed by Senator Boxer.…
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