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Bay Area Energy, Bankruptcy Timeline Saturday, February 17 Bookmark and Share     Author
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PG&E poised to exit bankruptcy  Pacific Gas and Electric Co. plans to end 3 years of bankruptcy on April 12 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 Judge approves PG&E's reorganization  A federal bankruptcy judge approved multibillion dollar bailout PG&E reaches compromise on bankruptcy
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Calpine (28)   Bay Area Bankruptcy (114)   Bay Area Bankruptcy & Energy Business (21)   Refund (9)
PG&E utility leaves bankruptcy behind
Calpine Files Amended Reorganization Plan  The plan promises greater recoveries for investors than previously projected, and Calpine Corp. said it could emerge from bankruptcy soon 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


year 2007 Top ^

Aug.27   San Jose


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   PG&E
  The 99-year-old Pacific Gas and Electric Co. ended 3 years of bankruptcy after distributing $10.2 billion to creditors
Mar.26   PG&E
Jan.5   PG&E


year 2003 Top ^

Dec.22   PG&E
Dec.16   PG&E
  PG&E has agreed to demands that would trim about $1 billion from the $7.2 billion bailout bill facing the customers
Dec.12   PG&E 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   PG&E 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   PG&E 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   PG&E 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   PG&E 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   PG&E PG&E's reorganization approved  Bankruptcy judge ruled utility has sufficiently shown how it intends to reorganize Feb.8   PG&E 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   PG&E 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   PG&E PG&E asks for more time  Company asked Bankruptcy Court for 4 more months to file a plan of reorganization Apr.8   PG&E Bankruptcy timed to shift blame  PG&E insiders say the bankruptcy filing was timed to put maximum blame on Gov. Davis Apr.6   PG&E 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   PG&E PG&E gets $1.2 billion tax refund
  Company will hand over the money to its bankrupt utility


Main Event: Calpine Corp. Files For Bankrup...
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B. 2007-08-27 Calpine Files Amended Reorganization Plan San Jose
C. 2006-08-15 Calpine losses mount San Jose
D. 2005-12-23 Calpine asks to break contracts San Jose
2005-12-20 Calpine Corp. Files For Bankruptcy San Jose
F. 2004-04-12 PG&E utility leaves bankruptcy behind PG&E
G. 2004-03-26 PG&E poised to exit bankruptcy PG&E
H. 2004-01-05 Judge rejects PG&E bailout delay PG&E
I. 2003-12-22 Judge approves PG&E's reorganization PG&E
J. 2003-12-16 PG&E reaches compromise on bankruptcy PG&E



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