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May 12, 2001
PG&E's Payments to Its Creditors Facing Key Court Test
By Pamela A. MacLean DJC BankruptcyStaff Writer SAN FRANCISCO - An electric cogeneration operator, idled for weeks due to nonpayment of $58 million in debts by Pacific Gas & Electric Co., faces financial ruin itself unless it can void its PG&E contract and sell power on the open market, according to its bankruptcy filings.
SAN FRANCISCO - An electric cogeneration operator, idled for weeks due to nonpayment of $58 million in debts by Pacific Gas & Electric Co., faces financial ruin itself unless it can void its PG&E contract and sell power on the open market, accordin...
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