PG&E Co. files $4.1 billion lawsuit against state of California


Bankrupt utility claims state won’t free its power plants from state regulation

Sylvie Dale
Online Editor

Jan. 18, 2002 — The bankrupt utility Pacific Gas & Electric Co. on Thursday filed a $4.1 billion lawsuit against the state of California in an attempt to free its power plants from regulation.

The lawsuit, filed with the state Victim Compensation and Government Claims Board, accuses the state of taking back a promise to release its nuclear and hydroelectric plants from control by the Public Utilities Commission, the Sacramento Bee reported.

The plants have strategic significance to PG&E Co. because the utility is trying to transfer the plants to other companies owned by the holding company PG&E Corporation. This was the utility’s proposal to the state as part of its reorganization plan, but the California PUC has been granted extra time to come up with an alternate plan.

Pacific Gas & Electric Co. is a subsidiary of PG&E Corporation. To learn more about these companies, visit http://www.pge.com.

To read the complete story on the Sacramento Bee’s web site, visit http://www.sacbee.com/.

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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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