Power Payday Gets A Double-Charge
- A Powerful Payday Draws Flak. // Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p7
The $6.7 billion Pacific Gas & Electric Co. (PG & E) bond offering that finally priced in mid-March after two years of tortuous negotiations just can't seem to shake controversy. While PG&E and deal managers UBS AG and Lehman Brothers Inc. argue the deal was a major success, rival bankers and...
- PG&E Tells Creditors It Needs 6 Months. // American Banker;2/2/2001, Vol. 166 Issue 23, p2
Reveals that PG&E and its utility subsidiary, Pacific Gas & Electric Co., have told debt holders they may need more than six months to raise new money to repay commercial paper that they defaulted on in January 2001. Length of time it may take to work out a structure that will let the companies...
- State Asks Feds to Nix Power Utility's Exemption From Federal Act. Jones, Rene'e Beasley // San Diego Business Journal;11/25/2002, Vol. 23 Issue 47, p15
Reports that the California Attorney General's Office has asked federal regulators to deny Pacific Gas & Electric Corp.'s exemption from regulation under the federal Public Utility Holding Company Act. PGE&E's renewal of its exemption as part of its request of the approval of its bankruptcy...
- Bankruptcy Claims Victim In California's Energy Struggle. Freedenthal, Carol // Pipeline & Gas Journal;Jun2001, Vol. 228 Issue 6, p88
Comments on California-based natural gas and electric utility Pacific Gas and Electric Co.'s filing for reorganization under bankruptcy protection from creditors. Decline in demand for natural gas during the mid-1980s; Stock price of Pacific Gas and Electric Co.; Public opinion on the...
- Calif. County Tax Bills Go Unpaid As Utility Sinks Into Bankruptcy. Maurice, Alex // Bond Buyer;04/12/2001, Vol. 336 Issue 31117, p1
Reports that Pacific Gas & Electric Co. has paid only about half of the property taxes its was scheduled to pay to 49 California counties. Bankruptcy filing of the company; Wait-and-see attitude of bond fund managers.
- PG&E Tumble May Hurt MBIA, ACE, But Ratings Appear Secure. Wisniewski, Mary // Bond Buyer;04/12/2001, Vol. 336 Issue 31117, p6
Reports on the possible implications of the bankruptcy filing of Pacific Gas & Electric Co. Effect of the bankruptcy on the earnings of MBIA Insurance Corp. and ACE Guaranty Re; Share prices for municipal bond insurers.
- Barbs traded at hearing on Lehman's fall. Soraghan, Mike // Hill;10/7/2008, Vol. 15 Issue 117, p1
The article reports that Congressional Democrats and Republicans traded accusations over what and whom to blame for the financial crisis amid startling new revelations surrounding the bankruptcy of the Lehman Brothers investment bank.
- Calif. Utility's Bankruptcy Sparks Bank Credit Fears. Rieker, Matthias; Mandaro, Laura // American Banker;4/10/2001, Vol. 166 Issue 69, p20
Focuses on the views of several bank spokesmen on the Pacific Gas and Electric Co.'s bankruptcy filing on April 6, 2001. Efforts to downplay market concerns over banks' exposure to the bankruptcy; Total value of claims of the Bank of New York Corp. against the utility; Speculations of analysts...
- PG&E's storm response gets review. // Electric Light & Power;Feb96, Vol. 74 Issue 2, p1
Reports that the California Public Utilities Commission may fine Pacific Gas & Electric Co. in connection with the power outages experienced by the latter's customers during a storm on December 11, 1995. Order to the utility to pay for damages if an investigation finds that mismanagement caused...