TCR_Public/950711.MBX


BANKRUPTCY CREDITORS' SERVICE, INC.





        CALPINE CORPORATION TO ACQUIRE O'BRIEN ENVIRONMENTAL ENERGY
   

      

            SAN JOSE, Calif.--July 11, 1995--Calpine Corporation, a
        San Jose, CA-based power company, today announced it has entered
        into a purchase agreement to acquire the assets and businesses of
        O'Brien Environmental Energy, Inc., and the
stock of certain of its subsidiaries, for approximately $107 million cash and the
assumption of approximately $90 million of indebtedness.  On July 10, 1995,
        O'Brien filed a motion with the United States Bankruptcy Court for
        the District of New Jersey seeking court approval of the purchase
        agreement and authorization of the sale to Calpine.  O'Brien, based
        in Philadelphia, PA, is a diversified energy company with its
        primary assets located in New Jersey and Pennsylvania.  Upon
        completion of the acquisition, Calpine will establish a strategic
        presence in the Northeast power market and considerably strengthen
        its gas-fired power generation portfolio with the addition of
        approximately 200 mw in operating assets and a 150 mw gas-fired
        project currently under development.  The Chase Manhattan Bank's
        Restructuring Group, in coordination with its Global Power Group,
        acted as financial advisor to Calpine on this transaction.
   

      

            The Company's proposed acquisition of O'Brien follows a series
        of successful gas-fired acquisitions in 1995.  In April, Calpine
        acquired two 49.5 mw gas-fired facilities located in Yuba City,
        California, and in June, purchased a 28.5 mw operating lease for a
        gas-fired cogeneration facility based in Watsonville, California.
   

      

            Calpine Corporation is a San Jose, California-based power
        company, with interests in more than 1,100 mw of power generation
        facilities. The Company develops, owns and operates natural gas-
        fired and geothermal power generation facilities throughout the U.S.
   

      

        /CONTACT:  Katherine Potter of Calpine Corporation, 408-995-5115/
   


         



        BRADLEES OBTAINS USE OF ADDITIONAL $150 MILLION IN DEBTOR-IN-
        POSSESSION FINANCING
   

      

            BRAINTREE, Mass.--July 11, 1995--
Bradlees, Inc. (NYSE: BLE)
today announced that the Company has obtained court
approval for the additional use of $150 million in Debtor-In-Possession
        financing.  The Company had previously obtained approval for the
        interim use of $100 million on June 29th.
   

      

            The total $250 million line of credit is being provided through
        Chemical Bank and will allow the Company to conduct its operations
        and pay for merchandise shipments at normal levels, while it
        prepares a reorganization plan.
   

      

            The Company announced on Friday, June 23, 1995 that Bradlees and
        its subsidiaries had filed for protection and would reorganize under
        Chapter 11 of the U.S. Bankruptcy Code in the Southern District of
        New York.
   

     

            Bradlees, Inc. operates 136 discount department stores in Maine,
        New Hampshire, Massachusetts, Connecticut, New York, New Jersey,
        Pennsylvania, Rhode Island and Virginia.  Bradlees' common stock is
        listed and traded on the New York Stock Exchange under the symbol
        "BLE". For additional Bradlees press releases, please call 1-800-758-
        5804, extension 105750.
   


        /CONTACT: Aileen Gorman, 617-380-8371, or Coleman Nee, 617-380-8354,
        both of Bradlees/