ATLANTA -- The Sebring, Fla., Utilities Commission faces a showdown meeting next week that could finally resolve its future -- and the fate of the $91 million of AMBAC Indemnity Corp.-insured bonds the troubled utility still has outstanding.

In a meeting set for next Thursday, Sebring's financial adviser will recommend whether the utility should sell its remaining assets, redeem its bonds, and dissolve itself; or choose one of two alternatives that would allow it to remain in business and refinance the bonds.

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