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On the same day the parent company of California's Pacific Gas & Electric Co. proposed a $13.2 billion plan to emerge from Chapter 11, creditors of the state's other ailing utility moved to drive it into bankruptcy. Power generators Mirant Corp. of Atlanta and Reliant Energy Inc. of Houston are reportedly marshaling support to compel Southern California Edison Co. to file for Chapter 11 protection.
September 21, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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