Apparently the screen’s meteoric rise of more than a dollar over the previous two days, culminating in Tuesday’s all-time intraday and daily settlement records for a prompt month contract, wasn’t all that impressive to cash traders Wednesday. Nor was heating load staying fairly heavy across northern market areas despite prospects for a bit of moderation from earlier in the week.
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PG&E Advances on $9.6B Settlement Financing; S&P Signals Rating Upgrade
Culminating a week of progress in pulling together the financing underpinning of its exit from Chapter 11 bankruptcy protection, Pacific Gas and Electric Co. on Friday announced that it intends to offer $6.7 billion in first mortgage bonds to help pay credit claims in its $12 billion utility bankruptcy. This followed announcement earlier in the week that the utility secured $2.9 billion in credit facility commitments and authorization from California state regulators for its new financial structure.
March 15, 2004
PG&E Advances on $9.6B Settlement Financing; S&P, Moody’s Favorable
Culminating a week of progress in pulling together the financing underpinning of its exit from Chapter 11 bankruptcy protection, Pacific Gas and Electric Co. on Friday announced it intends to offer $6.7 billion in first mortgage bonds to help pay credit claims in its $12 billion utility bankruptcy, the largest in U. S. history. This followed announcement earlier in the week that the utility secured $2.9 billion in credit facility commitments and authorization from California state regulators for its new financial structure.
March 15, 2004
White House Sees Immediate Price Relief from Energy Plan
Culminating a three-month, behind-closed-doors effort, the Bush administration’s energy task force last week issued its much-anticipated report in which it mapped out a long-term strategy to bolster the nation’s sagging energy infrastructure, promote conservation and efficiency efforts, accelerate siting of transmission and open more public lands to producers to head off a worsening “storm cloud on the horizon.” The report sets the “tone” for the entire federal government on energy policy, telling it this is “the” issue on which to focus.
May 21, 2001
Task Force Report Sets ‘Tone’ for Bush Energy Policy
Culminating a three-month, behind-closed-doors effort, the Bush administration’s energy task force today will issue its much-anticipated report in which it will map out a long-term strategy to bolster the nation’s sagging energy infrastructure, promote conservation and efficiency efforts, accelerate siting of transmission and open more public lands to producers to head off a worsening “storm cloud on the horizon.” The report will set the “tone” for the entire federal government on energy policy, telling it this is “the” issue on which attention should be focused.
May 17, 2001
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