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PG&E, 2003 Timeline Saturday, April 21 Bookmark and Share     Author
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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 reconsider $80 million to executives
World News (12) USA (335) California (187) Bay Area (11) San Francisco (340) PG&E (149) 2003
Accidents (5) Business (12)
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PG&E, 2003   Rejected (66)   San Francisco, December, 2003 (85)   U.S. in December, 2003 (84)   Delayed (63)
Compromise in PG&E bankruptcy  A federal bankruptcy judge unveiled a compromise deal a proposal criticized by consumer groups as too expensive PG&E reports weak second quarter  Pacific Gas and Electric reported a profit of $227 million. Management insisted the misery is nearly over PG&E profits rise  The parent of bankrupt PG&E said its third-quarter earnings improved slightly PG&E bankruptcy settlement rejected
7,500 people were without power  2 outages are believed to be caused by an underground equipment failure 800 customers without power  A fallen power pole has caused the outage 1,000 residents remain in dark  It is believed the problem is an underground equipment failure PG&E suffers quarter loss of $2.2 billion  Loss is reflecting the downfall of an unregulated power trading unit. For 2002, PG&E lost $874 million, or $2.36 per share PG&E loses bid to raise revenues  State power regulators denied a request for a $96 million revenue increase to offset the costs 7,300 customers were without power  A palm branch fell and broke a power line PG&E suffers first-quarter loss of $354m

January 2003 ... more > Top ^

February 2003 ... more > Top ^

March 2003 ... more > Top ^

May 2003 ... more > Top ^
  Utility-holding company continued to be hurt by the downfall of a energy trading business

June 2003 ... more > Top ^

August 2003 ... more > Top ^

November 2003 ... more > Top ^
  A judge advised state energy regulators to reject crucial elements of a proposed $7.2 billion bailout

December 2003 ... more > Top ^
  PG&E is reconsidering a plan to give nearly $80 million in bonuses to 17 executives paid by shareholders
Dec.16 PG&E reaches compromise on bankruptcy
  PG&E has agreed to demands that would trim about $1 billion from the $7.2 billion bailout bill facing the customers
Dec.22 Judge approves PG&E's reorganization  A federal bankruptcy judge approved multibillion dollar bailout Dec.23 Delayed Response Worsened Outage
  PG&E says its delayed response to a circuit failure may have added to the severity of power outage

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