Warm Winters, Debt Burden Push Philadelphia Gas Works to Brink

Braun, Martin Z.
February 2002
Bond Buyer;2/21/2002, Vol. 339 Issue 31329, p1
Trade Publication
Reports on the burden of outstanding debt of the gas company Philadelphia Gas Works (PGW) in Philadelphia, Pennsylvania, faced by its officials. Reason for the rising debt; Cause of borrowing funds from Public Utilities Commission by PGW in 2001; Comments of several U.S. rating agencies on the company's financial position.


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