Moody’s lowers debt ratings of PG&E Corporation and Pacific Gas and Electric

The rating action reflects the generally weak CPUC rate order, which provides a modest average interim rate increase of around 10%, and fails to adequately address the mismatch that the utility must pay to secure electricity in the wholesale power market. The rating also incorporates

NEW YORK, Jan. 4, 2001 (PRNewswire) – Edison Mission Energy’s Standard & Poor’s credit ratings remain on CreditWatch with negative implications where they were placed on Dec. 13.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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