S&P threatens SOCAL and PG&E with junk bond ratings

௿½If no action is taken, the ratings will fall deeply into speculative grade to reflect imminent default,௿½ said Richard Cortright, director of utilities at S&P, on a conference call.

Dec. 21, 2000–With imports from the Pacific Northwest down to a “trickle,” the California Independent System Operator Thursday declared concurrent Stage 1 and 2 power emergencies for northern California, and for the second day in a row invoked an emergency federal order issued by U.S. Energy Sec. Bill Richardson.

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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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