PRESS RELEASES 2002 RELEASE
FOR IMMEDIATE RELEASE
March 26, 2002
Contact: News Department (415) 973-5930
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: U.S. BANKRUPTCY COURT SETS SCHEDULE FOR UPCOMING EVENTS IN PG&E'S BANKRUPTCY CASE

SAN FRANCISCO - The U.S. Bankruptcy Court today established the following schedule in PG&E's bankruptcy case:

  • April 3 - Deadline for PG&E to file amended disclosure statement and plan of reorganization, incorporating today's decisions.

  • April 11 - Next hearing on PG&E's disclosure statement.

  • April 15 - Deadline for CPUC to file its plan and disclosure statement.

  • April 24 - Next and tentatively final hearing on PG&E's disclosure statement. Status conference on CPUC's disclosure statement and plan of reorganization.

  • May 3 - Deadline for objections to CPUC's disclosure statement.

  • May 9 - Hearing on objections to CPUC's disclosure statement.

  • June 17 - Target date for the beginning of solicitation for PG&E's and CPUC's plans of reorganization.

"Pacific Gas and Electric Company is close to resolving the objections to its disclosure statement, which would be a milestone in the case. The company remains confident that it will continue to make progress as it works toward the confirmation process."


 

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