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PG&E, 2002 Timeline Saturday, April 21 Bookmark and Share     Author
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PG&E gives $162,000 to city  It's a rebate for energy efficient traffic signal lamps installed throughout the city PG&E Gave Lavish Bonuses to Executives  The bonuses came as millions of customers were suffering through rolling blackouts Power lines buried in Montclair District  After 17-year struggle PG&E crews removed 111 utility poles and more than 3 miles of electric wire 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 PG&E chairman sparred with shareholders  Annual meeting peppered with more about the integrity of the company's management than worries about the bankruptcy PG&E's reorganization approved  Bankruptcy judge ruled utility has sufficiently shown how it intends to reorganize 5,300 customers affected outage  Outage was caused by a faulty cable near a substation Musician shot over PG&E bill  Verlon Bourn, 35, who grew marijuana in his basement, was killed by roommate, who was angered by a $1,000 utility bill 2 financial recovery plans for PG&E
World News (12) USA (335) California (187) Bay Area (11) San Francisco (340) PG&E (149) 2002
Business (15) Accidents (4) Crime (1)
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Napa Power Outage (4)   PG&E, 2002   El Cerrito Power Outage (7)   Richmond Power Outage (14)   San Francisco, October, 2002 (131)

Energy Business Main Event: PG&E Corp. sued ...
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01-10 PG&E Corp. sued for $4.6 billion PG&E
2. 02-08 Federal judge rejects PG&E's strategy PG&E
3. 03-05 PG&E powered fourth-quarter earnings PG&E
4. 03-05 PG&E gives $162,000 to city San Mateo
F. 03-13 PG&E Gave Lavish Bonuses to Executives PG&E
6. 03-26 Power lines buried in Montclair District Oakland
H. 04-16 Financial recovery plan for PG&E PG&E
I. 04-17 PG&E chairman sparred with shareholders PG&E

PG&E powered fourth-quarter earnings
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 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 5000 out of power

January 2002 ... more > Top ^

February 2002 ... more > Top ^

March 2002 ... more > Top ^
  Outages are stemming from a dozen different broken circuits
  PG&E reported sharply higher profits at its bankrupt utility. Company earned $529 million, or $1.45 per share

April 2002 ... more > Top ^

May 2002 ... more > Top ^
  A federal bankruptcy judge has cleared the way for creditors to begin voting on two plans
May.22 27,570 customers lost power
  A wayward squirrel got into a circuit breaker at a PG&E substation

July 2002 ... more > Top ^
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

September 2002 ... more > 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

October 2002 ... more > Top ^
Oct.18 PG&E's credit ratings suffer another blow
  Moody's Investors Service was downgrading the credit rating of one of the energy giant's subsidiaries

November 2002 ... more > Top ^
Nov.10 4,000 customers without power
  PG&E crews have been working around the clock since the storms swept into the area Nov.13 PG&E reports 40% drop in quarter profit
  Drop dragged down by the bankruptcy costs and troubles at the company's unregulated energy trading division

December 2002 ... more > Top ^
Dec.17 Former PG&E CEO dies at age 72
  Richard Alan Clarke served as Chairman and CEO of PG&E from 1986 to 1995

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