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Front Page

Feb. 25, 2003

PG&E Recovery Plan Could Derail Trial

SAN FRANCISCO - Pacific Gas and Electric Co. dropped a legal bombshell in bankruptcy court last week with the disclosure that the utility's parent company would have to sell up to $700 million in stock to reduce the utility's debt and make its reorganization more palatable to potential investors.

By Pamela A. MacLean and Dennis Pfaff
Daily Journal Staff Writers
SAN FRANCISCO - Pacific Gas and Electric Co. dropped a legal bombshell in bankruptcy court last week with the disclosure that the utility's parent company would have to sell up to $700 million in stock to reduce the utility's debt and make its reorganization more palatable to potential investors.
The announcem...

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