Bankruptcy
Mar. 27, 2002
PG&E's Latest Move Entails Paying 7.5 Percent to Creditors
SAN FRANCISCO - Pacific Gas and Electric Co.'s unusual proposal to repay $2 billion to a group of major creditors at 7.5 percent interest in exchange for the banks' support of PG&E's troubled reorganization plan ran into a hostile reception Monday.
The deal, if approved, would mean some ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In