Bad news piles up for BBP

BANKS with $2.6 billion in exposure to Babcock & Brown Power face the growing prospect of bad debts, amid mounting concern over a gas contract that could sink the company. BBP's Western Australian gas business Alinta is locked in a long- running contract dispute with the North West Shelf joint venture over gas prices, and an arbitrator delivered a ruling two weeks ago.

B&B Power goes back to the bankers after trading halt

BABCOCK & BROWN POWER has been forced to suspend its shares from trading and hold a fresh round of talks with its bankers over a disputed gas contract that has the potential to sink the company.

Debt-ridden BBP suspends shares at gas contract ruling

BABCOCK & Brown Power has been forced to suspend its shares and hold a fresh round of talks with its bankers over a disputed gas contract with the potential to sink the company.