Case 20-33918 Document 374 Filed in TXSB on 10/08/20 Page 1 of 2 Case 20-33918 Document 374 Filed in TXSB on 10/08/20 Page 2 of 2 C M Y K Nxxx,2020-10-08,B,003,Bs-BW,E1

THE NEW YORK TIMES BUSINESS THURSDAY, OCTOBER 8, 2020 N B3

ENERGY | MEDIA | FINANCE

Citing Safety, Agencies Concede Poor Planning in California Blackouts By IVAN PENN Outlet Pulls A report by California energy offi- cials on Tuesday placed blame for rolling blackouts that left millions White House without power in August on the impact of climate change and out- dated policies and practices that Reporter failed to adequately take into ac- By KATIE ROBERTSON count hotter weather. In the 121-page preliminary re- BuzzFeed News has pulled a polit- port to Gov. Gavin Newsom, the ical correspondent from the White state’s three central energy orga- House press pool, citing concerns nizations attributed the blackouts that the area has become a co- — the first in two decades — to a ronavirus hot zone after President heat wave that increased demand Trump, many of his top aides — in- for electricity while reducing the cluding the press secretary supply of power. Poor planning Kayleigh McEnany — and several compounded those problems, ac- journalists have tested positive cording to the report, which was for the virus. produced by the California Ener- A BuzzFeed News spokesman, gy Commission, the California Matt Mittenthal, confirmed that Public Utilities Commission and the company on Tuesday had the California Independent Sys- withdrawn the correspondent, tem Operator. Kadia Goba, from her Wednesday “The combination of these fac- shift out of concern for her safety. tors was an extraordinary event,” The spokesman added that Buzz- the agencies said in the report. “But it is our responsibility and in- tent to plan for such events, which Skipping a press-pool are becoming increasingly com- mon in a world rapidly being im- shift in a coronavirus pacted by climate change.” As triple-digit temperatures hot spot. blanketed the West on Aug. 14 and 15, the California I.S.O., which Feed News was awaiting further manages the power grid for 80 guidance from the White House percent of the state, ordered utili- Correspondents’ Association. ties like Pacific Gas & Electric and ROBYN BECK/AGENCE FRANCE-PRESSE — GETTY IMAGES Reporters rotate into the White Southern California Edison to Los Angeles during a heat wave in August, when grid managers ordered rolling blackouts for the first time in two decades to reduce demand for electricity. House press pool, a group of jour- black out as many as 3.3 million nalists that represents the wider customers to reduce demand for corps to share coverage of the electricity. and most innovative state,” he dams under its control. blackouts. Neil Chatterjee, the said. president and the day’s events. It was the first time the state wrote in a letter to the grid man- The report also pointed to prob- commission’s chairman, said in a Concern about a lack of power The pool includes representatives had resorted to rolling blackouts ager and the two state agencies. lems in the energy trading mar- recent interview that it appeared plants that can produce electricity of wire news services, newspa- since the 2000-1 energy crisis. The governor, a Democrat, or- ket. For example, officials failed to that California had failed to prop- throughout the day like natural pers and news sites, as well as The decision angered Mr. New- dered an analysis of the events properly forecast demand a day erly plan its transition away from gas plants led the state to extend television and radio outlets. som, who said he had not been in- that resulted in blackouts during a ahead of the blackouts and did not fossil fuels, but added that he operations of old plants that were “Anyone that knows me under- formed about the need for black- pandemic. He also moved to re- buy enough power. In addition, would wait for a final report before expected to shut down this year. stands I’d rather be at the White outs until shortly before they be- duce demand and increase power trading in the state’s electricity drawing final conclusions. The state and its utilities are also House working today,” Ms. Goba gan on Aug. 14. “These blackouts, supplies by asking consumers and market made it difficult to identify “What looks to have taken place seeking to install more batteries said, “but at the same time, there which occurred without prior businesses to use less electricity “tight supply conditions,” the re- is California retired some gas gen- that can store power when there is are obvious concerns about work- warning or enough time for prepa- and ordered the California State port said. eration, were counting on batter- too much supply and quickly pro- ing indoors during an outbreak.” ration, are unacceptable and un- Water Resources Control Board to The Federal Energy Regulatory ies and didn’t quite have those re- vide it to the grid when demand She added, “I don’t want to be befitting of the nation’s largest produce more electricity from Commission is also reviewing the sources in place,” Mr. Chatterjee surges. knocked out for the rest of the election because I’m sick.” After BuzzFeed News notified other news organizations on Tues- day that its reporter would not work her shift, an email circulated Investors Warm to Idea of ‘Blue Wave’ among members of the press pool asking for someone to fill in. FROM FIRST BUSINESS PAGE suggesting the U.S. equity mar- a contentious period after the Nov. “We are in uncharted territory,” ers in the swing states of Florida kets have been pricing in a higher 3 election that extends political Todd J. Gillman, the Washington and Pennsylvania, Mr. Biden had probability of a Biden Presiden- uncertainty into the foreseeable bureau chief of The Dallas Morn- widened his lead over the presi- cy,” the JPMorgan analysts wrote future. In recent weeks, the possi- ing News, who coordinates the dent to 11 percentage points and 13 in a research note last week. bility of a contested election — or print pool, wrote in the email, percentage points. In the government bond mar- even an outright constitutional which was reviewed by The New Also on Wednesday, the S&P ket, yields on long-term Treasury crisis — was being priced into York Times. 500 closed up 1.7 percent. The in- bonds — which have been lan- markets as Mr. Trump repeatedly “No one wants anyone to take dex has risen 2.5 percent since the guishing at some of the lowest lev- refused to commit to a peaceful unwarranted risk,” he added. first debate on Sept. 29. The mar- els on record — have moved transfer of power. “Nor do we want the pool system ket moves aren’t huge, but ana- sharply higher over the last week. The statements pushed jittery to collapse.” lysts say they are meaningful re- That suggests some are pricing a investors to cut back on their Politico sent a reporter, flections of investors’ thinking at combination of faster economic stock market risk over the last Meridith McGraw, to cover the this point. growth, higher inflation and rising month. Starting in early Septem- White House in place of the Buzz- The outcome of the first debate government deficits over the fu- ber, the S&P fell for four consecu- Feed correspondent. increased “the odds of first Joe Bi- tive weeks, coming close to drop- “Witnessing events unfolding den becoming president, but also ping 10 percent. The likelier Mr. at the White House is valuable for in line with the Democrats also S&P 500 has risen Biden is to notch a conclusive vic- us, the press corps, Americans taking the Senate,” said Shahab tory, the greater the amount of and the world at such a critical Jalinoos, global head of macro 2.5 percent since the risk of political uncertainty that moment in our nation’s history,” strategy with Credit Suisse in first debate. investors can take off the table. Politico said in a statement. “We New York. “That’s obviously been “The cleaner the win, then the a tailwind for markets since.” less likely that there is a disputed will continue to follow W.H.C.A. STEVE JENNINGS/GETTY IMAGES Unified Democratic control in ture. (Treasury bond prices tend election,” said Mr. Jalinoos, of guidelines on safely reporting Laurene Powell Jobs is the investor who founded Emerson Collective. from the White House as the situa- Washington is not usually high on to fall during periods of fast eco- Credit Suisse. “Once you down- tion continues to develop.” Wall Street’s wish list, as it is asso- nomic growth, pushing yields — grade that risk, it tends to be a In addition to the president and ciated with increased regulation which move in the opposite direc- market positive.” Ms. McEnany, the coronavirus and taxes. And some investors tion — higher.) In recent days, Wall Street ana- outbreak has ensnared nearly a California Sunday Loses continue to have mixed feelings “The odds of a Biden victory lysts have written that the likely dozen members of the Trump ad- about a potential Biden agenda, continue to rise, as do the chances large flood of federal stimulus that ministration. Two other members which calls for higher taxes on of a blue sweep, and if the recent would follow a “blue wave” could of the White House press team, in- Backer and Shuts Down corporations and the wealthy. bid for risk assets is any guide, cushion the blow of higher taxes cluding a relative of Ms. McE- But largely, investors are of the such an eventuality could prove a by helping to increase economic nany’s, are known to have tested By KATIE ROBERTSON Pop-Up Magazine, a multi- view that a “blue wave” victory — decidedly positive event for do- growth more than previously ex- positive. At least three journalists The California Sunday Magazine, media project that included stage in which Democrats retain the mestic equities — presumably at pected. who have covered the White a sumptuously produced and performances, complete with mu- House of Representatives and re- the expense of Treasuries,” Ian “It would sharply raise the House reported that they were in- award-winning weekly that got its sic and visual effects, was also hit take the Senate as well as the Lyngen, a bond market analyst probability of a fiscal stimulus with BMO Capital Markets, wrote fected, including Michael D. start as a throwback to the glory hard by the pandemic. With the- presidency — represents the best package of at least $2 trillion earlier this week. Shear, a reporter at The Times. days of print, has suspended pub- aters shuttered, its live events chance to get another large injec- shortly after the presidential inau- tion of federal money into an econ- That sunnier outlook suggests In a statement on Wednesday, lication after Emerson Collective, were put on hold. guration on Jan. 20, followed by omy that continues to struggle. investors now see an indisputable the White House Correspondents’ the organization founded by the Emerson Collective said it had longer-term spending increases Economists and policymakers, in- win for Mr. Biden and the Demo- on infrastructure, climate, health Association said that dozens of billionaire investor Laurene Pow- arranged to cut ties with Pop-Up cluding the Federal Reserve chair, cratic Party as the most favorable care and education that would at tests had been conducted on ell Jobs, severed ties with its par- Magazine Productions in the sum- Jerome H. Powell, say such assist- outcome for the market, a conclu- least match the likely longer-term members of its press corps since ent company. mer. Friday, and that there had been no “In August, Emerson Collective ance is sorely needed, as job sion that stems from two lines of tax increases on corporations and It’s most likely the end of the growth stalls, layoffs mount and reasoning. upper-income earners,” wrote an- additional cases of the coronavi- magazine, which has won three and Pop-Up agreed to a mutual rus. separation that included an addi- temporary furloughs turn into For one, a clear victory for Mr. alysts at Goldman Sachs this National Magazine Awards since permanent cuts. Biden cuts down on the chance of week. The association continued to its founding in 2014. Two years tional substantial contribution encourage the wearing of masks from Emerson Collective to allow To tease out the underlying ago, Emerson Collective acquired views of investors, analysts at JP- and the use of regular testing on Pop-Up Magazine Productions, Pop-Up to operate independently IN THE UNITED STATES BANKRUPTCY COURT http://ecf.txsb.uscourts.gov), (ii) electronic submission using the Wednesday, and said it had Morgan Chase & Company re- FOR THE SOUTHERN DISTRICT OF TEXAS,HOUSTON DIVISION interface available on the Claims and Noticing Agent’s website at http:// the company behind California and do so without oversight or In re: ) Chapter 11, Case No.20-33918 (MI) cases.omniagentsolutions.com/benevis or (iii) if submitted through pushed the White House to give cently assembled baskets of et al. 1 non-electronic means,by U.S.Mail or other hand delivery system,so as to Sunday and the multimedia outlet control by Emerson Collective,” BENEVIS CORP., ) (Jointly Administered) the press corps more information shares in companies they see as Debtors. ) Re: Docket No.156 be actually received by the Claims and Noticing Agent on or before the Pop-Up Magazine. the organization said in a state- Claims Bar Date or the Governmental Bar Date,or any other applicable Bar about known infections so that potential winners or likely losers NOTICE OF DEADLINES FOR THE FILING OF PROOFS OF Date,at the following addresses: If by First-Class Mail, Hand Delivery, ment. “We look forward to possi- CLAIM,INCLUDING REQUESTS FOR PAYMENTS UNDER or Overnight Mail: Benevis Corp. Claims Processing, c/o Omni Agent Eleven staff members at the in the event of a Biden victory. SECTION 503(b)(9) OF THE BANKRUPTCY CODE journalists could evaluate the ble future collaborations as Pop- Solutions,5955DeSotoAvenue,Suite100,WoodlandHills,California91367. risk. two properties were laid off, Pop- Stocks of companies in the THECLAIMSBARDATEISOCTOBER30,2020, PROOFSOFCLAIMSUBMITTEDBYFACSIMILEORELECTRONICMAIL Up’s union said on Twitter on Up returns to its status as an inde- AT5:00P.M.,PREVAILINGCENTRALTIME WILLNOTBEACCEPTED. “Still, despite everything we’ve “winners” basket included indus- THEGOVERNMENTALCLAIMSBARDATEISJANUARY29,2021 ContentsofProofsofClaim . Each Proof of Claim must:(1) be written Wednesday. Douglas McGray, the pendent company.” AT5:00P.M.,PREVAILINGCENTRALTIME in legible English; (2) include a claim amount denominated in United experienced in recent days, it tries such as health care, renew- chief executive of Pop-Up Maga- Emerson Collective bought PLEASETAKENOTICEOFTHEFOLLOWING: States dollars; (3) clearly identify the Debtor against which the claim is would be foolish of us to assume able energy, infrastructure and DeadlinesforFilingProofsofClaim . On October 2,2020,the United asserted (4) conform substantially with the Proof of Claim form provided zine Productions and editor in Pop-Up Magazine Productions in companies likely to benefit from States Bankruptcy Court for the Southern District of Texas (the “Court”) by the Debtors or Official Form 410; (5) be signed by the claimant or by that the situation at the White November 2018. Ms. Powell Jobs, entered an order [Docket No. 335] (the “Bar Date Order”) establishing an authorized agent or legal representative of the claimant on behalf House or on the campaign trail chief of California Sunday, con- better relations with China. Such certain deadlines for the filing of proofs of claim, including requests for of the claimant, whether such signature is an electronic signature or is firmed the layoffs in an interview the widow of the Apple co-founder payment under section 503(b)(9) of the Bankruptcy Code (collectively, ink; and (6) to have prima facie validity, include as attachments any and will improve dramatically over companies could benefit from Mr. “Proofs of Claim”), in the chapter 11 cases of the following debtors and all supporting documentation on which the claim is based. Please note Steve Jobs, started Emerson Col- the coming four weeks,” the state- on Wednesday, as well as the halt Biden’s support for the Affordable debtors in possession (collectively, the “Debtors”): DEBTOR, CASE NO.: that each Proof of Claim must state a claim against only one Debtor and lective in 2004 as an umbrella or- Benevis Corp., 20-33918; Benevis Affiliates, LLC, 20-33919; Benevis clearly indicate the specific Debtor against which the claim is asserted. To ment said. in California Sunday’s print and Care Act, which has funneled sig- Holding Corp.,20-33920;Benevis Informatics,LLC,20-33921;Benevis,LLC, the extent more than one Debtor is listed on the Proof of Claim,a Proof of ganization for her philanthropic 20-33922;LTSmileCorporation,20-33923. Claim is treated as if filed only against Benevis Corp.or if a Proof of Claim “That means that we as a press online publication. nificant amounts of federal dollars and business interests. TheBarDates . PursuanttotheBarDateOrder, all entities(exceptgov- is otherwise filed without identifying a specific Debtor,the Proof of Claim corps, and each of us individually, With a focus on California, Asia, into the health care industry. In- ernmental units), including individuals, partnerships, estates, and trusts maybedeemedasfiledonlyagainstBenevisCorp. In recent years, it has become a that have a claim or potential claim against the Debtors that arose prior Electronic Signatures Permitted . Proofs of Claim signed must be cleareyed about the po- Latin America and the American frastructure, engineering and re- to August 2,2020,no matter how remote or contingent such right to pay- electronically by the claimant or an authorized agent or legal West, California Sunday was in- force in media, having acquired a ment or equitable remedy may be, including requests for payment under representative of the claimant may be deemed acceptable for purposes of tential risks of Covid exposure on newable energy companies could section503(b)(9)oftheBankruptcyCode,MUSTFILEAPROOFOFCLAIMon claims administration. Copies of Proofs of Claim,or Proofs of Claim sent by the job, taking every precaution cluded in some Sunday editions of majority stake in The Atlantic in benefit from a major stimulus orbefore October30,2020,at5:00p.m.,prevailingCentralTime(the facsimileorelectronicmailwillnotbeaccepted.Unless otherwiseordered 2017. That magazine, which has “Claims Bar Date”) . Governmental entities that have a claim or poten- by the Court, any original document containing the original signature we can to fulfill our coverage obli- The Los Angeles Times and The push, aimed in part at countering tial claim against the Debtors that arose prior to August 2,2020,no mat- of any party other than the party that files the Proof of Claim shall be San Francisco Chronicle until had a spike in subscribers during climate change. ter how remote or contingent such right to payment or equitable remedy retained by the filing party for a period of not less than five (5) years after gations while being prepared for may be,MUST FILE A PROOF OF CLAIM on or before January 29,2021,at the Debtors’ case is closed, and upon request, such original document situations with which we may not May. Under pressure from the the pandemic, laid off 68 employ- Potential “losers” included 5:00 p.m., prevailing Central Time (the “Governmental Bar Date”). must be provided to the Court or other parties for review, pursuant to economic downturn after the co- ees in May amid a drop in adver- All entities holding claims arising from the Debtors’rejection of executory the Administrative Procedures for the Filing, Signing, and Verifying of be comfortable.” companies with large numbers of contracts and unexpired leases are required to file Proofs of Claim by the DocumentsbyElectronicMeansinTexasBankruptcyCourts. The White House Correspon- ronavirus’s arrival in the United tising and cancellations of its live minimum wage workers, defense date that is (a) the later of the Claims Bar Date or the Governmental Section 503(b)(9) Requests for Payment . Any Proof of Claim events. BarDate, asapplicable,and (b)thedatethatisthirty(30)daysfollow- that asserts a right to payment arising under section 503(b)(9) of the dents’ Association statement also States, it went digital only in June. contractors and energy compa- ing entry of the order approving the Debtors’rejection of the appli- Bankruptcy Code must also: (1) include the value of the goods delivered “We’re facing the most difficult Emerson Collective has also in- nies, among others. Mr. Biden’s cableexecutorycontractorunexpiredlease(the“RejectionDamages to and received by the Debtors in the twenty (20) days prior to the said that reporters “have worked Bar Date”) .All entities holding claims affected by an amendment to the Petition Date; (2) attach any documentation identifying the particular under challenging circumstances economic conditions of our life- vested in the Washington news agenda calls for raising the min- Debtors’Schedules are required to file Proofs of Claim by the later of (a) invoices for which such 503(b)(9) claim is being asserted; and (3) attach website Axios, the podcast com- the Claims Bar Date or the Governmental Bar Date ,as applicable,and documentation of any reclamation demand made to the Debtors under to sustain the pool” during the times, especially for a small com- imum wage to $15 an hour, and (b) 5:00 p.m.,prevailing CentralTime,on the date that is thirty (30) section546(c)oftheBankruptcyCode(ifapplicable). pandemic, while noting that the pany that depends on live events pany Gimlet Media and the docu- weapons makers have been bene- days from the date on which the Debtors mail notice of the amend- Additional Information . If you have any questions regarding the menttotheSchedules(the“AmendedSchedulesBarDate”). claims process and/or you wish to obtain a copy of the Bar Date Notice,a press pool is “vital to the Ameri- and sponsorship,” Mr. McGray mentary film production com- ficiaries of the Trump administra- ANY PERSON OR ENTITY WHO FAILS TO FILE A PROOF OF CLAIM, proof of claim form or related documents you may do so by: (i) calling the wrote in a letter to readers in pany Concordia Studio. The firm tion’s focus on increasing sales of INCLUDING ANY REQUEST FOR PAYMENT UNDER SECTION 503(B)(9) Debtors’ restructuring hotline at 866-771-0557; and/or (ii) visiting the can public.” OF THE BANKRUPTCY CODE ON OR BEFORE THE CLAIMS BAR DATE Debtors’ restructuring website at: http://casesomniagentsolutions.com/ Still, the statement said, “we June, explaining the move to the also has a stake in Monumental American weapons overseas. OR THE GOVERNMENTAL BAR DATE, AS APPLICABLE, SHALL NOT BE benevis. Sports & Entertainment, which TREATED AS A CREDITOR WITH RESPECT TO SUCH CLAIM FOR THE 1 The Debtors in these chapter 11 cases,along with the last four digits would also strongly encourage all web. “A big-circulation print mag- Since early September, “the PURPOSES OF VOTING AND DISTRIBUTION ON ANY CHAPTER 11 of each Debtor’s federal tax identification number,are as follows:Benevis journalists to avoid working from azine won’t be viable for us this owns the Washington Wizards Democrat Agenda Outperformers PLAN. Corp. (0242); LT Smile Corporation (2818); Benevis Holding Corp. (0222); Filing a Proof of Claim . Each Proof of Claim must be filed, Benevis Affiliates, LLC (7420); Benevis, LLC (5524); Benevis Informatics, the White House grounds entirely year or next year, so it seems like and Washington Mystics basket- have gained 10 percent relative to including supporting documentation, by either (i) electronic LLC (7833).The address of the Debtors’headquarters is 1090 Northchase if it can be avoided.” the right time to evolve.” ball teams. the Underperformers baskets, submission through PACER (Public Access to Court Electronic Records at ParkwayS.E.,Suite150,Marietta,GA30067.