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  • PG&E bailout deal lands lawyers $227 million

    12/28/2003 9:28:19 AM PST · by Tumbleweed_Connection · 3 replies · 197+ views
    SF Chron ^ | 12/24/03 | Phillip Matier, Andrew Ross
    <p>Not a lot of "ho-ho-ho's" at Pacific Gas and Electric Co., what with the big blackout and then the earthquake, but one group sure is smiling -- namely, the lawyers who represented the utility in its bankruptcy proceedings.</p> <p>It turns out that as part of that $8 billion, ratepayer-funded deal to bring PG&E out of bankruptcy, the state Public Utilities Commission signed off on $227 million in attorney fees.</p>