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PG&E reconsider $80 million to executives  PG&E is reconsidering a plan to give nearly $80 million in bonuses to 17 executives paid by shareholders State objects to PG&E's bankruptcy plan  Energy regulators are hoping to force the utility pursue an alternate route that would lower the multibillion bailout bill PG&E bankruptcy settlement rejected
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Pg&e Bailout (2)
2004 (3) 2003 (6) 2002 (8) 2001 (8)
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San Francisco Energy Business (60)   Rejected (66)   Bonuses (10)   San Francisco Energy Business (64)
PG&E poised to exit bankruptcy  Pacific Gas and Electric Co. plans to end 3 years of bankruptcy on April 12 Judge rejects PG&E bailout delay  A federal bankruptcy judge left the door open for an appeal by 2 state regulators opposed to the customer-backed bailout Judge approves PG&E's reorganization  A federal bankruptcy judge approved multibillion dollar bailout PG&E reaches compromise on bankruptcy
PG&E utility leaves bankruptcy behind

year 2004 Top ^

Apr.12
  The 99-year-old Pacific Gas and Electric Co. ended 3 years of bankruptcy after distributing $10.2 billion to creditors
Mar.26
Jan.5

year 2003 Top ^

Dec.22
Dec.16
  PG&E has agreed to demands that would trim about $1 billion from the $7.2 billion bailout bill facing the customers
Dec.12
Dec.5
Nov.18
  A judge advised state energy regulators to reject crucial elements of a proposed $7.2 billion bailout
Jun.19 Compromise in PG&E bankruptcy  A federal bankruptcy judge unveiled a compromise deal a proposal criticized by consumer groups as too expensive

year 2002 Top ^

Sep.9 Creditors approve PG&E bailout plan  The plan is to transfer transmission lines, power plants and other assets from state oversight and into new companies Jul.31 PG&E pays $4.3m to settle 4,000 claims  Bankrupt Pacific Gas and Electric Co. paid to nearly a third of its creditors to settle claims of $5,000 or less May.16 2 financial recovery plans for PG&E  A federal bankruptcy judge has cleared the way for creditors to begin voting on two plans Apr.24 PG&E's reorganization approved  Bankruptcy judge ruled utility has sufficiently shown how it intends to reorganize Apr.16 Financial recovery plan for PG&E  The state Public Utilities Commission has unveiled a plan that would compete with the utility's plan for emerging from bankruptcy Mar.13 PG&E Gave Lavish Bonuses to Executives  The bonuses came as millions of customers were suffering through rolling blackouts Feb.8 Federal judge rejects PG&E's strategy  A federal bankruptcy judge rejected 'across-the-board, take-no-prisoners' strategy to move $8 billion of its assets Jan.10 PG&E Corp. sued for $4.6 billion  Attorney General Lockyer is alleging the company siphoned $4.6 billion from its utility and then illegally drove it into bankruptcy

year 2001 Top ^

Sep.20 PG&E would spin off transmission  Under plan filed in Bankruptcy Court PG&E splits from its parent company and generates services as part of reorganization Jul.3 PG&E asks for more time May.25 PG&E asks to approve bonuses  Company asks bankruptcy judge to approve $25.5 million in worker bonus and severance packages May.3 PG&E asks court to stop ISO bills Apr.8 Bankruptcy timed to shift blame  PG&E insiders say the bankruptcy filing was timed to put maximum blame on Gov. Davis Apr.7 PG&E bonuses before bankruptcy
  Utility awarded 6,000 bonuses and raises to mid-level managers and other employees hours before filing for Chapter 11
Apr.6 PG&E files for bankruptcy
  California's largest utility voluntarily filed for Chapter 11. It had run up an $8.9 billion deficit
 Pacific Gas and Electric Co debts are increasing by $300 million a month. The bankruptcy filing does not affect the utility's parent company, PG&E Corp. It's the third-largest bankruptcy in U.S. history. PG&E has 15 days to complete its bankruptcy paperwork. The governor called the decision 'a real slap in the face to California'
Mar.16 PG&E gets $1.2 billion tax refund  Company will hand over the money to its bankrupt utility




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PG&E pays $4.3m to settle 4,000 claims  Bankrupt Pacific Gas and Electric Co. paid to nearly a third of its creditors to settle claims of $5,000 or less PG&E Corp. sued for $4.6 billion  Attorney General Lockyer is alleging the company siphoned $4.6 billion from its utility and then illegally drove it into bankruptcy PG&E poised to exit bankruptcy  Pacific Gas and Electric Co. plans to end 3 years of bankruptcy on April 12 Judge rejects PG&E bailout delay  A federal bankruptcy judge left the door open for an appeal by 2 state regulators opposed to the customer-backed bailout PG&E reaches compromise on bankruptcy



PG&E, Bankruptcy Business Lawsuit Timeline ... See Bay Area Business Lawsuit timeline, World Business Lawsuit timeline Top ^
2002
Jul.31
Jan.10



PG&E, Bankruptcy Bankruptcy Timeline ... See Bay Area Bankruptcy timeline, World Bankruptcy timeline Top ^
2004
Mar.26
Jan.5
2003
Dec.16
  PG&E has agreed to demands that would trim about $1 billion from the $7.2 billion bailout bill facing the customers
Dec.5 State objects to PG&E's bankruptcy plan  Energy regulators are hoping to force the utility pursue an alternate route that would lower the multibillion bailout bill Nov.18 PG&E bankruptcy settlement rejected
  A judge advised state energy regulators to reject crucial elements of a proposed $7.2 billion bailout
Jun.19 Compromise in PG&E bankruptcy  A federal bankruptcy judge unveiled a compromise deal a proposal criticized by consumer groups as too expensive 2002 Sep.9 Creditors approve PG&E bailout plan  The plan is to transfer transmission lines, power plants and other assets from state oversight and into new companies May.16 2 financial recovery plans for PG&E  A federal bankruptcy judge has cleared the way for creditors to begin voting on two plans Apr.24 PG&E's reorganization approved  Bankruptcy judge ruled utility has sufficiently shown how it intends to reorganize Apr.16 Financial recovery plan for PG&E  The state Public Utilities Commission has unveiled a plan that would compete with the utility's plan for emerging from bankruptcy Mar.13 PG&E Gave Lavish Bonuses to Executives  The bonuses came as millions of customers were suffering through rolling blackouts Feb.8 Federal judge rejects PG&E's strategy  A federal bankruptcy judge rejected 'across-the-board, take-no-prisoners' strategy to move $8 billion of its assets 2001 May.25 PG&E asks to approve bonuses  Company asks bankruptcy judge to approve $25.5 million in worker bonus and severance packages May.3 PG&E asks court to stop ISO bills Apr.7 PG&E bonuses before bankruptcy
  Utility awarded 6,000 bonuses and raises to mid-level managers and other employees hours before filing for Chapter 11



PG&E, Bankruptcy Energy Business Timeline ... See Bay Area Energy Business timeline, World Energy Business timeline Top ^
2004 Apr.12 PG&E utility leaves bankruptcy behind
  The 99-year-old Pacific Gas and Electric Co. ended 3 years of bankruptcy after distributing $10.2 billion to creditors
2003 Dec.22 Judge approves PG&E's reorganization  A federal bankruptcy judge approved multibillion dollar bailout Dec.12 PG&E reconsider $80 million to executives  PG&E is reconsidering a plan to give nearly $80 million in bonuses to 17 executives paid by shareholders 2001 Sep.20 PG&E would spin off transmission  Under plan filed in Bankruptcy Court PG&E splits from its parent company and generates services as part of reorganization Jul.3 PG&E asks for more time Apr.8 Bankruptcy timed to shift blame  PG&E insiders say the bankruptcy filing was timed to put maximum blame on Gov. Davis Apr.6 PG&E files for bankruptcy
  California's largest utility voluntarily filed for Chapter 11. It had run up an $8.9 billion deficit
 Pacific Gas and Electric Co debts are increasing by $300 million a month. The bankruptcy filing does not affect the utility's parent company, PG&E Corp. It's the third-largest bankruptcy in U.S. history. PG&E has 15 days to complete its bankruptcy paperwork. The governor called the decision 'a real slap in the face to California'
Mar.16 PG&E gets $1.2 billion tax refund  Company will hand over the money to its bankrupt utility