PG&E Nearly Out of Bankruptcy

By Loretta Macktal, Executive Assistant to the Vice President, Government Relations

Capitol Update, Dec. 19, 2003 Share this on FacebookTweet thisEmail this to a friend

The California Public Utilities Commission (CPUC) voted this week to approve a plan to take PG&E out of bankruptcy. The plan does not directly address rates paid by customers, but proponents of the plan believe significant rate reductions may be possible by spring 2004. CMTA will advocate that rates should be reduced in the same proportion as they were increased in June 2001, giving the most relief to industrial customers. If the CPUC adopts a scheme similar to the SCE "Proact" decision, CMTA members in PG&E service territory could see rates decrease about 20%.
Read more Energy articles

Capitol updates archive 989898989