Message-ID: <12842389.1075844231286.JavaMail.evans@thyme> Date: Fri, 6 Apr 2001 04:47:00 -0700 (PDT) From: jeff.dasovich@enron.com To: alan.comnes@enron.com, angela.schwarz@enron.com, beverly.aden@enron.com, bill.votaw@enron.com, brenda.barreda@enron.com, carol.moffett@enron.com, cathy.corbin@enron.com, chris.foster@enron.com, christina.liscano@enron.com, craig.sutter@enron.com, dan.leff@enron.com, debora.whitehead@enron.com, dennis.benevides@enron.com, don.black@enron.com, dorothy.youngblood@enron.com, douglas.huth@enron.com, edward.sacks@enron.com, eric.melvin@enron.com, erika.dupre@enron.com, evan.hughes@enron.com, fran.deltoro@enron.com, gayle.muench@enron.com, ginger.dernehl@enron.com, gordon.savage@enron.com, harold.buchanan@enron.com, harry.kingerski@enron.com, iris.waser@enron.com, james.steffes@enron.com, james.lewis@enron.com, james.wright@enron.com, jeff.messina@enron.com, jeremy.blachman@enron.com, jess.hewitt@enron.com, joe.hartsoe@enron.com, karen.denne@enron.com, kathy.bass@enron.com, kathy.dodgen@enron.com, ken.gustafson@enron.com, kevin.hughes@enron.com, leasa.lopez@enron.com, leticia.botello@enron.com, mark.muller@enron.com, marsha.suggs@enron.com, marty.sunde@enron.com, meredith.eggleston@enron.com, michael.etringer@enron.com, michael.mann@enron.com, michelle.cisneros@enron.com, mpalmer@enron.com, neil.bresnan@enron.com, neil.hong@enron.com, paul.kaufman@enron.com, paula.warren@enron.com, richard.zdunkewicz@enron.com, richard.leibert@enron.com, richard.shapiro@enron.com, rita.hennessy@enron.com, roger.yang@enron.com, rosalinda.tijerina@enron.com, sandra.mccubbin@enron.com, sarah.novosel@enron.com, scott.gahn@enron.com, scott.stoness@enron.com, sharon.dick@enron.com, skean@enron.com, tanya.leslie@enron.com, tasha.lair@enron.com, ted.murphy@enron.com, terri.greenlee@enron.com, tim.belden@enron.com, tony.spruiell@enron.com, vicki.sharp@enron.com, vladimir.gorny@enron.com, wanda.curry@enron.com, william.bradford@enron.com, kathryn.corbally@enron.com, jubran.whalan@enron.com, triley@enron.com, richard.sanders@enron.com, robert.williams@enron.com, greg.wolfe@enron.com, james.wright@enron.com, dirk.vanulden@enron.com, steve.walker@enron.com, jennifer.rudolph@enron.com, martin.wenzel@enron.com, douglas.condon@enron.com, wgang@enron.com, sgovenar@govadv.com, hgovenar@govadv.com, jklauber@llgm.com, mike.smith@enron.com, john.neslage@enron.com, janel.guerrero@enron.com, eric.letke@enron.com, richard.sanders@enron.com, gfergus@brobeck.com, michael.tribolet@enron.com, robert.frank@enron.com, richard.sanders@enron.com, gfergus@brobeck.com, susan.mara@enron.com Subject: *PG&E SAYS PACIFIC G&E FILED FOR CHAPTER 11 VOLUNTARY Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Kathryn Corbally, Jubran Whalan, triley@enron.com, Richard B Sanders, Robert C Williams, Greg Wolfe, James Wright, Dirk vanUlden, Steve Walker, Jennifer Rudolph, Martin Wenzel, Douglas Condon, wgang@enron.com, Scott Govenar , Hedy Govenar @ ENRON, jklauber@llgm.com, Mike D Smith, John Neslage, Janel Guerrero, Eric Letke, Richard B Sanders, gfergus@brobeck.com, Michael Tribolet, Robert Frank, Richard B Sanders, gfergus@brobeck.com, Susan J Mara X-cc: X-bcc: X-Folder: \Richard_Shapiro_June2001\Notes Folders\Discussion threads X-Origin: SHAPIRO-R X-FileName: rshapiro.nsf ----- Forwarded by Jeff Dasovich/NA/Enron on 04/06/2001 11:46 AM ----- Ken Gustafson@EES 04/06/2001 11:45 AM To: Jeff Dasovich/Na/Enron@ENRON cc: Subject: Re: fyi Reuters -& CNBC *PG&E SAYS PACIFIC G&E FILED FOR CHAPTER 11 VOLUNTARY BANKRUPTCY RELIEF NEW YORK, April 6 (Reuters) - Pacific Gas & Electric Co., which is California's largest investor-owned utility and has been struggling with that state's power crisis, said on Friday it filed a voluntary petition for bankruptcy protection with the U.S. Bankruptcy Court for the Northern District of California. Trading was halted in PG&E shares on the New York Stock Exchange before the filing. They last traded at $11.36, down 2 cents. The Chapter 11 filing was disclosed in mirror filings by the utility and its parent, San Francisco-based PG&E Corp. , with the Securities and Exchange Commission. The utility said in the filing that it "retains control of its assets and is authorized to operate its business as a debtor in possession while being subject to the jurisdiction of the Bankruptcy Court." A 1996 state utility law deregulated wholesale prices but capped retail prices. Pacific G&E has said it accumulated more than $8.9 billion of back debts because a rate freeze prevents it from passing on its soaring wholesale power costs to consumers. ADVISORY/Pacific Gas and Electric Company to Hold Media Teleco OTC HALT NEWS PENDING LAST $11.36 From: Jeff Dasovich@ENRON on 04/06/2001 11:43 AM Sent by: Jeff Dasovich@ENRON To: Ken Gustafson/HOU/EES@EES cc: Subject: Re: fyi Thanks. Where'd you hear and do you have any more info? Best, Jeff Ken Gustafson@EES 04/06/2001 11:34 AM To: Jeff Dasovich/Na/Enron@ENRON cc: Subject: fyi PG&E just declared chapter 11- keg