CARTER-DAY IN SETTLEMENT WITH POWER COMPANIES
Carter-Day INdustries Inc said
it reached an eight mln dlrs settlement in a suit filed in the
Bankruptcy Court for the Southern District of N.Y. against five
power companies.
    The suit was filed against Montana Power Co <MTP>, Puget
Sound Power and Light Co <PSD>, Portland General Electric Co
<PGN>, Washington Water Power Co <WWP> and PacifiCorp's <PPW>
Pacific Power and Light Co.
    Carter-Day said proceeds from the settlement will be used
to restore the company's liquidity, working capital and net
worth.
 Reuter
