PRESS RELEASES 2002 RELEASE
FOR IMMEDIATE RELEASE
April 11, 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.

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.

 


 

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