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 ...
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