Pacific Gas and Electric Co. creditors will get another chance to choose between competing plans to lift the utility from Chapter 11. U.S. Bankruptcy Judge Dennis Montali in San Francisco ruled that the California Public Utilities Commission may have creditors vote on whether they prefer the reorganization plan proposed by the PUC or the plan put forth by PG&E. The ruling gives the PUC a chance to win more creditor backing.
September 24, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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