Standard & Poor’s held a conference call Wednesday todeclare that Pacific Gas & Electric Co. and Southern CaliforniaEdison risk default and bankruptcy within weeks and are likely tosee their credit ratings fall to junk grades if they don’t get helpfrom regulators within 24 to 48 hours.
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Defections, Prompt GISB Drive for Members
One of the Gas Industry Standard Board’s (GISB) goals in thecoming year will be to drum up participation in the standardsorganization among local distribution companies, while 33 of GISB’s157 members are LDCs – making the industry segment the third mostheavily represented, behind pipelines and service providers – LDCinput into standards development could be greater, conceded GISBExecutive Director Rae McQuade.
September 30, 1998