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.
PG&E ISSUES
STATEMENT AFTER BANKRUPTCY COURT TENTATIVELY APPROVES ITS DISCLOSURE
STATEMENT
SAN FRANCISCO - Pacific
Gas and Electric Company today issued the following statement after
the U.S. Bankruptcy Court tentatively approved its disclosure statement:
"Pacific Gas and Electric
Company is pleased that the Bankruptcy Court has tentatively approved
its disclosure statement. PG&E was able to address all the objections
that were raised. Approval of the disclosure statement is a significant
milestone in the utility's continued progress through the bankruptcy
process."
Following are some key upcoming
dates:
| |
April
15 |
Deadline
for CPUC to file its alternative plan of reorganization and
disclosure statement. |
| |
April
19 |
PG&E
to file plan of reorganization and disclosure statement incorporating
language to resolve objections. |
| |
April
24 |
PG&E
to submit order for approval of its disclosure statement.
Status conference on CPUC's plan and disclosure statement. |
| |
May
3 |
Deadline
for objections to CPUC's plan and disclosure statement. |
| |
May
9 |
Hearing
on objections to CPUC's plan and disclosure statement. |
| |
June
17 |
Target
date for the beginning of the solicitation period. |
|
2002 RELEASE
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