Several Localities Threatening Legal Action Over Investments in PG&E Paper

DeSue, Tedra; Walker, Patrick M.
February 2001
Bond Buyer;02/27/2001, Vol. 335 Issue 31085, p3
Trade Publication
Focuses on United States-based local governments' plan to take legal action over investments in defaulted commercial paper sold by California-based utility Pacific Gas & Electric Co. State of Tennessee's struggle to close its fiscal 2001 budget gap; Fountain Hill, Arizona officials' outrage over an investment made for the city by BNY Western Trust Co.


Related Articles

  • Investors Want Mix of Yield, Diversity on Extendible Paper. Albano, Christine // Bond Buyer;05/04/2001, Vol. 336 Issue 31132, p6 

    Highlights the advantages and disadvantages of investing in the extendible commercial paper market, as discussed at the Thomson Financial Short-Term Municipal Forum at the Roosevelt Hotel in New York. Investors' demand for greater diversity in terms of liquidity credit providers; Resetting of...

  • Ratings Shielding Paper Market from Utility Woes? Leibowitz, Alissa // American Banker;1/24/2001, Vol. 166 Issue 16, p3 

    Focuses on the stability of the commercial paper market in the United States in January 2001. Advantages of commercial paper over other forms of investments; Growth of the market since the 1980s; Problems affecting utility companies issuing commercial paper.

  • 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...

  • 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...

  • PG&E testifies before CPUC on grid system reliability.  // Coal Age;Oct96, Vol. 101 Issue 10, p28 

    Reports on Pacific Gas and Electric Co. (PG&E) vice president and general manager E. James Macias' statement that the company is concerned and frustrated at the increasing number of incidents on the Pacific Intertie that are disrupting the electric service of PG&E customers. Testimony before...

  • Non-U.S. Banks Borrow More Paper.  // American Banker;8/13/2010, Vol. 175 Issue F331, p12 

    Brief information is given about foreign banks' borrowing in the short-term U.S. commercial paper market.

  • Pacific Gas and Electric Co. Selects Smart Meter Analytics.  // Transmission & Distribution World Exclusive Insight;4/10/2013, p9 

    The article reports that Pacific Gas and Electric Co. selected Teradata as the foundation for its new Internal Data Analytics (IDA) Environment in a bid to leverage its investment in electric and natural gas smart meters by using the data generated to better support customers and operations.

  • PG&E to Step Up the Addition of Electric Vehicles to its Fleet.  // Transmission & Distribution World Exclusive Insight;10/21/2015, p6 

    The article reports on the plan of investor-owned utility PG & E Corp. to invest one-third of its annual fleet purchases in electric vehicles and plug-in hybrid vehicles amounting to more than $100 million over the next five years.

  • 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...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics