Creditors Back Plan for Reorganizing PG
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From Times Staff and Wire Reports
PG&E; Corp.’s biggest creditors pledged support for plans submitted by the company and state regulators for reorganizing the company’s Pacific Gas & Electric unit, California’s largest utility.
The decision is a setback for PG&E;, which until now had the exclusive support of creditors for its proposal to break Pacific Gas into separate companies regulated by the federal government.
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