Replies

Thank you very much for this article as it updates quite a few things. I guess that the PUC has put in a repayment plan that passes muster, if it is not challenged within the next month. So that Means that a degree of bond repayment certainty may be possible in May, even though a PG&E reorganization plan will not be finalized until June. May to the end of June would be a very tight time line to issue a major bond issue, but the State might start the process in April in anticipation of more certainty in May.

If so this is going to require a heroic effort on the part of a lot of state officials during the start of an election year election season.

Dan Aschenbach, a senior vice president of Moody's Investors Service, went further, calling the letter "a huge step forward by PG&E to move ahead with this bond issue." At the same time though, Mr. Aschenbach added, "From a credit perspective, we still have serious reservations about the regulatory uncertainty in California and how that will affect future decisions on rates."

Yes, it should be interesting to watch the process and heroic efforts on California's part to issue power bonds. Thank you again for sharing this article which bring me up to speed on this and the PUC aspects of what is happening.

Missed this one too!

Calpowercrisis:

To find all articles tagged or indexed using Calpowercrisis, click below:
	click here >>>	Calpowercrisis	<<< click here
(To view all FR Bump Lists, click here)