Message-ID: <20443478.1075844197045.JavaMail.evans@thyme>
Date: Fri, 6 Apr 2001 04:51:00 -0700 (PDT)
From: jeff.dasovich@enron.com
To: richard.shapiro@enron.com, james.steffes@enron.com, skean@enron.com, 
	susan.mara@enron.com, sandra.mccubbin@enron.com, 
	harry.kingerski@enron.com, alan.comnes@enron.com, 
	janel.guerrero@enron.com, karen.denne@enron.com, mpalmer@enron.com
Subject: Re: NEWS: pg&e files bankruptcy
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Got Goodin mcbride going over to the court house in S.F. to try and get a 
copy.  Got a call in to Steve Kline of PG&E, but doubt under the 
circumstances that he'll be getting back to me soon.  Soon as I get the copy, 
I'll distribute.

Jeff



	Jennifer Rudolph@EES
	04/06/2001 11:45 AM
		 
		 To: CA Team
		 cc: 
		 Subject: NEWS: pg&e files bankruptcy



PG&E unit files for bankruptcy 
By Myra P. Saefong, CBS.MarketWatch.com 
Last Update: 12:40 PM ET Apr 6, 2001 
 
  
SAN FRANCISCO (CBS.MW) - PG&E Corp.'s utility unit filed for voluntary 
bankruptcy Friday.

Pacific Gas & Electric Co. had run up billions of dollars in debt on the spot 
wholesale electricity market. 

The filing came a day after California Gov. Gray Davis reluctantly agreed to 
rate hikes for the state's cash-strapped utilities.

The filing was made in U.S. Bankruptcy Court for the Northern District of 
California in San Francisco.

Shares of PG&E Corp. (PCG: news, msgs, alerts) , parent of Pacific Gas & 
Electric Co. were halted prior to the announcement. The stock fell 2 cents to 
$11.36 before the halt.

Shares of Edison International (EIX: news, msgs, alerts) , the parent of 
Southern California Edison, another beleaguered California utility, plunged 
20 percent to $10.05 a share. 

Myra P. Saefong is a reporter for CBS.MarketWatch.com in San Francisco.