California’s Utility biggest files bankruptcy.
Pacific Gas & Electric Co. bankrupt Friday, rejecting the desperate attempts of the governor to stabilize California’s electricity supply and raise the issue of electricity prices in the hands of a little-known federal judges.
The emblem move _ the third largest bankruptcy application for entry in the history of USA _ pushes energy crisis in California in a new and unpredictable phase. With the devolution debate on the judicial arena, it ensures that there is no quick solution to the instability of the system and increases the risk that the consumer has been able to see, steep increases up Only on this.
But, at least in the near future there will be no impact on service to PG & E’s 13 million customers in northern California, utility officials existed.
In an extraordinary accuses the state of governance, PG & E records of the Court of Justice in U.S. Bankruptcy Court, the day after Dir in California Gray Davis on national television was to announce his plan premium rate to solve the problem. The company said it had Galantamin $ 9 billion of debt for energy generators since June because he was a prisoner between the rising costs of energy and deregulation imposed ceiling prices
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