PG&E Corp. gets $1 billion for debt restructuring

HOUSTON, Mar. 2, 2001—PG&E Corp., parent of near bankrupt Pacific Gas & Electric Co., Friday said it closed a $1 billion loan to restructure the company’s debt and pay obligations on which it has defaulted.

ATLANTA, March 2, 2001 (PRNewswire) — Mirant Corp. (NYSE: MIR) reiterated today that it seeks timely payment for all electricity it has sold and continues to sell into the California market, and that payment of amounts owed to generators is critical to ending California’s energy crisis.

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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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