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Enron Mail |
Got Goodin mcbride going over to the court house in S.F. to try and get a
copy. Got a call in to Steve Kline of PG&E, but doubt under the circumstances that he'll be getting back to me soon. Soon as I get the copy, I'll distribute. Jeff Jennifer Rudolph@EES 04/06/2001 11:45 AM To: CA Team cc: Subject: NEWS: pg&e files bankruptcy PG&E unit files for bankruptcy By Myra P. Saefong, CBS.MarketWatch.com Last Update: 12:40 PM ET Apr 6, 2001 SAN FRANCISCO (CBS.MW) - PG&E Corp.'s utility unit filed for voluntary bankruptcy Friday. Pacific Gas & Electric Co. had run up billions of dollars in debt on the spot wholesale electricity market. The filing came a day after California Gov. Gray Davis reluctantly agreed to rate hikes for the state's cash-strapped utilities. The filing was made in U.S. Bankruptcy Court for the Northern District of California in San Francisco. Shares of PG&E Corp. (PCG: news, msgs, alerts) , parent of Pacific Gas & Electric Co. were halted prior to the announcement. The stock fell 2 cents to $11.36 before the halt. Shares of Edison International (EIX: news, msgs, alerts) , the parent of Southern California Edison, another beleaguered California utility, plunged 20 percent to $10.05 a share. Myra P. Saefong is a reporter for CBS.MarketWatch.com in San Francisco.
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