Jim Irwin, a Seattle attorney representing holders of bonds for the fourth and fifth plants, said he and his colleagues believed it was unlikely that they could recover more than the insurance coverage.

Global Committee of Argentina Bondholders (global association of Argentina bondholder groups and committees from around the world, representing holders of over US$39 billion in debt.

Added Peter Griffin, representing holders of other bonds: "There's not one whit of evidence that the shareholders of this company are making any contribution."

Consolidated, which represents holders of third-mortgage bonds, would like to split the company into its Seabrook and non-Seabrook assets, with its clients assuming ownership of most of the latter.

Noteholder Committee, which represents holders of the majority of the $172 million in company bonds, declared that talks between the bondholders and the corporate empire builder had stalled.

The preferred shareholders claim they are contractually owed $270 million, including accumulated unpaid dividends, said Paul Silverstein, a partner with Andrews Kurth who is representing holders of the preferred shares.

The groundwork for yesterday's filing was established in January, after committees representing holders of $1.1 billion of high-yield subordinated debt reached agreement on on a debt-for-equity swap.

Credit Suisse First Boston, a member of the 19-bank committee that represents foreign holders of the Treasury bonds, warned Moscow last week not to impose its position by fiat.

Farley Inc. could be forced into involuntary bankruptcy by tomorrow, according to a statement released by a committee representing holders of the majority of the $172 million of bonds.

In that case, said one person familiar with the power authority's thinking, the three power authority members of Lilco's board, if elected, might join with directors representing holders of preferred stock to form a majority.