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Bay Area Energy, Bankruptcy Timeline Saturday, September 27     Author
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PG&E utility leaves bankruptcy behind

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Calpine losses mount  Bankrupt energy producer lost $817.8 million in the 2nd quarter, bringing total losses so far this year to $1.4 billion Calpine asks to break contracts  Power provider has identified 8 contracts on which it is losing money and asked a judge to ditch the agreements Calpine Corp. Files For Bankruptcy
Calpine Files Amended Reorganization Plan


year 2007 Top ^

Aug.27   San Jose
  The plan promises greater recoveries for investors than previously projected, and Calpine Corp. said it could emerge from bankruptcy soon


year 2006 Top ^

Aug.15   San Jose


year 2005 Top ^

Dec.23   San Jose
Dec.20   San Jose
  Struggling power generator filed for bankruptcy protection as it grapples with more than $17 billion in debt


year 2004 Top ^

Apr.12   San Francisco
  The 99-year-old Pacific Gas and Electric Co. ended 3 years of bankruptcy after distributing $10.2 billion to creditors
Mar.26   San Francisco PG&E poised to exit bankruptcy  Pacific Gas and Electric Co. plans to end 3 years of bankruptcy on April 12 Jan.5   San Francisco Judge rejects PG&E bailout delay  A federal bankruptcy judge left the door open for an appeal by 2 state regulators opposed to the customer-backed bailout

year 2003 Top ^

Dec.22   San Francisco Judge approves PG&E's reorganization  A federal bankruptcy judge approved multibillion dollar bailout Dec.16   San Francisco PG&E reaches compromise on bankruptcy
  PG&E has agreed to demands that would trim about $1 billion from the $7.2 billion bailout bill facing the customers
Dec.12   San Francisco PG&E reconsider $80 million to executives
  PG&E is reconsidering a plan to give nearly $80 million in bonuses to 17 executives paid by shareholders Dec.5   San Francisco State objects to PG&E's bankruptcy plan  Energy regulators are hoping to force the utility pursue an alternate route that would lower the multibillion bailout bill Jun.19   San Francisco Compromise in PG&E bankruptcy  A federal bankruptcy judge unveiled a compromise deal a proposal criticized by consumer groups as too expensive

year 2002 Top ^

Sep.9   San Francisco Creditors approve PG&E bailout plan  The plan is to transfer transmission lines, power plants and other assets from state oversight and into new companies May.16   San Francisco 2 financial recovery plans for PG&E
  A federal bankruptcy judge has cleared the way for creditors to begin voting on two plans Apr.24   San Francisco PG&E's reorganization approved  Bankruptcy judge ruled utility has sufficiently shown how it intends to reorganize Feb.8   San Francisco Federal judge rejects PG&E's strategy  A federal bankruptcy judge rejected 'across-the-board, take-no-prisoners' strategy to move $8 billion of its assets

year 2001 Top ^

Sep.20   San Francisco PG&E would spin off transmission  Under plan filed in Bankruptcy Court PG&E splits from its parent company and generates services as part of reorganization Jul.3   San Francisco PG&E asks for more time  Company asked Bankruptcy Court for 4 more months to file a plan of reorganization Apr.8   San Francisco Bankruptcy timed to shift blame  PG&E insiders say the bankruptcy filing was timed to put maximum blame on Gov. Davis Apr.6   San Francisco PG&E files for bankruptcy
  California's largest utility voluntarily filed for Chapter 11. It had run up an $8.9 billion deficit
 Pacific Gas and Electric Co debts are increasing by $300 million a month. The bankruptcy filing does not affect the utility's parent company, PG&E Corp. It's the third-largest bankruptcy in U.S. history. PG&E has 15 days to complete its bankruptcy paperwork. The governor called the decision 'a real slap in the face to California'
Mar.16   San Francisco PG&E gets $1.2 billion tax refund
  Company will hand over the money to its bankrupt utility

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