A last-minute effort to block PG&E's bankruptcy reorganization plan from taking effect fell short Friday, as U.S. District Judge Vaughn Walker denied a motion to stay filed by two dissident state regulators. PG&E's reorganization plan officially goes into effect today. The motion before Walker was part of an ongoing appeal filed by California Public Utilities Commissioners Loretta Lynch and Carl Wood who had asked to prevent the plan from taking effect until appeals determined its constitutionality.
April 12, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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