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Less than 24 hours after an administrative law judge rejected key elements of Pacific Gas & Electric Co.'s current bankruptcy reorganization plan, the 9th U.S. Circuit Court of Appeals dealt a blow to the utility's backup plan for exiting Chapter 11. The utility has been adamant that the settlement is a take-it-or-leave-it deal, but with its fallback plan now in jeopardy, PG&E could have little choice but to adopt a more conciliatory stance.
November 20, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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