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Energy

California’s largest utility files for bankruptcy

California’s largest utility files for bankruptcy

<p class="source">San Jose Mercury News</p> <p>Pacific Gas & Electric Co. filed for bankruptcy Friday, rejecting the governor's desperate attempts to stabilize California's power supply and throwing the contentious issue of electricity rates into the hands of a little-known federal judge.</p>
California utility files for bankruptcy

California utility files for bankruptcy

<p class="source">Agence France Presse</p> <p>Frustrated with stalled negotiations with California state officials to stop financial hemorrhaging, Pacific Gas and Electric Company filed Friday for bankruptcy protection.</p>
Bankrupt PG&E files for protection

Bankrupt PG&E files for protection

<h3>CHAPTER 11: Gov. Davis says action complicates negotiations with Edison.</h3><p class="source">Ventura County Star</p> <p>Pacific Gas and Electric, which delivers power to 13 million users in Northern California, filed for bankruptcy Friday, turning its back on Gov. Gray Davis and abandoning hopes for a negotiated resolution to the state's energy crisis.</p>
Power crisis divides Calif. congressional delegation

Power crisis divides Calif. congressional delegation

<p class="source">San Diego Union Tribune</p> <p>Back in 1997, as California's experiment with electricity deregulation was about to get under way, the state's entire House delegation signed a letter assuring congressional leaders that the plan would ''provide tremendous benefits to the citizens</p>