California PUC allows Pacific Gas & Electric to pledge receivables

Pacific Gas & Electric, a unit of PG&E Corp., has said suppliers are threatening to shut off shipments without assurances they’ll be paid. The company claimed it was down to about 10 days’ worth of gas in storage.

PHOENIX, Ariz., Jan. 31, 2001 – SouthWestern Power Group II (SWPG), a Phoenix-based energy resource development company, announced plans today to develop the “Bowie Power Station,” a new generation facility to be located approximately 2 miles north of Bowie, Arizona in northern Cochise County.

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