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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