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Energy

PG&E’s Creditors Side With PUC

PG&E’s Creditors Side With PUC

<p class="source">The Los Angeles Times</p> <p>State utility regulators and Pacific Gas & Electric Co. creditors announced a deal Thursday that would raise electricity rates, if necessary, to pay the company's debts and restore California's largest utility to financial health.</p>
PG&E creditors, PUC regulators make deal;

PG&E creditors, PUC regulators make deal;

<h3>Consumer groups divided on whether plan benefits ratepayers</h3><p class="source">The San Francisco Chronicle</p> <p>State regulators announced an agreement Thursday with major creditors of Pacific Gas and Electric Co. that could keep the utility intact and under state regulation after bankruptcy.</p>
PG&E PLAN LOSES SUPPORT;

PG&E PLAN LOSES SUPPORT;

<h3>LARGE CREDITORS SIDE WITH STATE REGULATORS IN DISPUTE OVER BANKRUPTCY</h3><p class="source">The San Jose Mercury News</p> <p>Embattled PG&E Corp. lost some ground Thursday as creditors of its bankrupt utility announced they were siding with state power regulators against the corporation's plan to break up its utility and wrest it from state control.</p>
Consumers to Help Bail Out PG&E

Consumers to Help Bail Out PG&E

<p class="source">Associated Press</p> <p>Consumers would pick up the costs of helping Pacific Gas and Electric Co. pay its debts under an agreement reached by California power regulators and the bankrupt utility's creditors.</p>
Regulators, PG&E Creditors OK Deal

Regulators, PG&E Creditors OK Deal

<p class="source">Associated Press</p> <p>California power regulators have reached a deal with creditors of Pacific Gas and Electric Co. that could force millions of customers to continue paying among the nation's highest electricity rates for years.</p>