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Chapter 11 Update: U.S. Bankruptcy Court Sets Schedule For Upcoming Events In PG&E's Bankruptcy Case

03/26/2002

SAN FRANCISCO - The U.S. Bankruptcy Court today established the following schedule in PG&E's bankruptcy case:

  • April 3 - Deadline for PG&E to file amended disclosure statement and plan of reorganization, incorporating today's decisions.

  • April 11 - Next hearing on PG&E's disclosure statement.

  • April 15 - Deadline for CPUC to file its plan and disclosure statement.

  • April 24 - Next and tentatively final hearing on PG&E's disclosure statement. Status conference on CPUC's disclosure statement and plan of reorganization.

  • May 3 - Deadline for objections to CPUC's disclosure statement.

  • May 9 - Hearing on objections to CPUC's disclosure statement.

  • June 17 - Target date for the beginning of solicitation for PG&E's and CPUC's plans of reorganization.

"Pacific Gas and Electric Company is close to resolving the objections to its disclosure statement, which would be a milestone in the case. The company remains confident that it will continue to make progress as it works toward the confirmation process."

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