California sues PG&E over its reorganization

?
----- Forwarded by Elizabeth Sager/HOU/ECT on 01/31/2001 09:10 AM -----

William S Bradford
01/31/2001 07:35 AM

To: Elizabeth Sager/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT
cc: Michael Tribolet/Corp/Enron@Enron
Subject: California sues PG&E over its reorganization

Any thoughts?

---------------------- Forwarded by William S Bradford/HOU/ECT on 01/31/2001
06:37 AM ---------------------------

Mary Hain
01/30/2001 06:25 PM
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Subject: California sues PG&E over its reorganization

The California AG and PUC have petitioned FERC to vacate its order approving
PG&E's recent reorganization. Obviously by this reorganization, PG&E is
attempting to shield its assets in the event of a bankruptcy. I'm wondering
if we should become active in this case, to protect our interests in the
event of a bankruptcy.