EDITORS: Please do not use
"Pacific Gas and Electric" or "PG&E" when
referring to PG&E Corporation or its National Energy Group.
The PG&E National Energy Group is not the same company as Pacific
Gas and Electric Company, the utility, and is not regulated by the
California Public Utilities Commission. Customers of Pacific Gas
and Electric Company do not have to buy products or services from
the National Energy Group in order to continue to receive quality
regulated services from Pacific Gas and Electric Company.
CHAPTER 11
UPDATE: COURT SETS SCHEDULE TO ADDRESS ADEQUACY OF DISCLOSURE STATEMENT
AND PREEMPTION ISSUES
SAN FRANCISCO - At a status
conference today, the U.S. Bankruptcy Court established the following
schedule to determine the adequacy of Pacific Gas and Electric Company's
disclosure statement and to address the preemption issues raised
by the California Public Utilities Commission (CPUC) and several
state agencies and departments:
December 19, 2001
- PG&E to file amended plan of reorganization and disclosure statement
January 8, 2002
- CPUC and state agencies to file briefs on preemption and sovereign
immunity issues
January 14, 2002
- Hearing on the adequacy of disclosure statement (not including
preemption and sovereign immunity issues)
January 22, 2002
- PG&E to file responses to briefs on preemption and sovereign
immunity issues
January 25, 2002
- Oral arguments on preemption issues
The Court also denied a
request by the CPUC, Attorney General, and other parties to initiate
adversary proceedings.
The schedule allows the
issues of preemption and sovereign immunity, which the CPUC and
state officials were going to raise at some point, to be addressed
at the beginning of the case, so that they can be resolved and allow
the confirmation process to move forward.
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