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Politics : Impeach George W. Bush

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To: Patricia Trinchero who wrote (2291)4/6/2001 6:38:30 PM
From: Mephisto  Read Replies (1) of 93284
 
Dear Patricia, I logged on and learned about the bankruptcy.

Is PG&E your utility company?

Ch. 11 Bombshell Deepens Calif. Crisis

By Andrew Quinn

SAN FRANCISCO (Reuters) -" California's energy crisis lurched into a new and potentially dangerous phase on Friday as Pacific Gas & Electric, the state's largest utility, suddenly and unexpectedly declared bankruptcy.

The bombshell move by the multibillion dollar utility giant came just one day after Gov. Gray Davis outlined a bailout strategy he said would help the cash-strapped company back to its feet after months of hemorrhaging cash thanks to California's botched 1996 power deregulation law."
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biz.yahoo.com
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