PG&E Corporation and utility subsidiary will not make certain payments to conserve cash

These circumstances were precipitated by the downgrade of both entities’ credit ratings by Standard & Poor’s and Moody’s and the resulting defaults that the downgrades caused under the entities’ financing arrangements.

Jan. 18, 2001–With summer approaching, supplies short, and California experiencing blackouts, a dispute is shaping up between the New York grid operator and state regulators over a proposed “soft” cap on wholesale electricity prices.

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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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