&E have stopped paying most bills, including money owed to 
producers of alternative energy. Creditors are becoming increasingly 
irritated at the failure of the utilities and Gov. Gray Davis to reach a 
settlement that will allow the utilities to pay their bills.
?????One such producer, Coram Energy Group, a small windmill farm in 
Tehachapi, said it will sign a petition that could force Edison into 
involuntary bankruptcy proceedings. At least two other creditors must sign 
the petition before Edison can be forced into Bankruptcy Court.
?????In another potential precursor to bankruptcy, an alternative energy 
producer called Caithness Energy won a lien Wednesday in federal court in 
Nevada against Edison's stake in the Mohave power plant near Laughlin, Nev.
?????The turmoil sent investors fleeing Friday. The stock of PG&E Corp. 
dropped $1.50, or 11.6%, to $11.42, while Edison International tumbled $1.35, 
or 9.9%, to $12.24. Both trade on the New York Stock Exchange.
?????If an involuntary petition were filed, Edison believes it could persuade 
a bankruptcy judge during the mandated 20-day waiting period not to accept 
the case, said Edison lawyer Barbara Matthews.
?????"We believe we have solid ground to oppose, not the least of which is 
the Bankruptcy Court doesn't need to intervene" because solutions are being 
pursued in the Legislature and in the governor's office, Matthews said.
?????PG&E executives said that the San Francisco company has no utility 
assets outside of California that creditors can seek to attach and is aware 
of no petitions circulating among creditors to put PG&E into involuntary 
bankruptcy.
?????California law forbids placing a lien against utility assets without a 
prior approval by state regulators.
?????In fact, bankruptcy talk has reinvigorated negotiations with advisors to 
Davis to sell the PG&E transmission grid to the state as part of a broader 
settlement, said Peter Darbee, PG&E Corp. chief financial officer.
?????Edison reached a tentative agreement three weeks ago to sell its 
transmission lines, but has yet to reach a final deal.
?????"We think there's reason to be cautiously optimistic," Darbee said
& E have stopped paying most bills, including money owe to 
 producer of alternative energy. Creditors are become increasingly 
 irritated at the failure of the utility and Gov. Gray Davis to pass a 
 settlement that will allow the utilities to pay their bill. 
? ?? ?? One such producer, Coram Energy Group, a small windmill farm in 
 Tehachapi, said it will sign a petition that could force Edison into 
 involuntary bankruptcy proceeding. At least two other creditors must sign 
 the prayer before Edison can be forced into Bankruptcy Court. 
? ?? ?? In another potential precursor to bankruptcy, an alternative department of energy 
 producer shout Caithness Energy won a lien Wednesday in federal motor hotel in 
 Nevada against Edison's stake in the Mohave power plant near Laughlin, Nev. 
? ?? ?? The turmoil sent investors fleeing Friday. The neckcloth of PG&E Corp. 
 dropped $ 1.50, or 11.6% , to $ 11.42, while Edison International tumbled $ 1.35, 
 or 9.9% , to $ 12.24. Both trade on the New York Stock Exchange. 
? ?? ?? If an involuntary petition were filed, Edison believes it could persuade 
 a bankruptcy judge during the mandated 20 - day waiting time period not to accept 
 the case, say Edison lawyer Barbara Matthews. 
? ?? ?? " We think we receive solid ground to react, not the least of which is 
 the Bankruptcy Court doesn't need to intervene " because solutions are being 
 pursued in the Legislature and in the governor's office, Matthews say. 
? ?? ?? PG&E executives said that the San Francisco company has no utility 
 assets outside of California that creditor can seek to attach and is aware 
 of no petitions circulating among creditors to put PG&E into involuntary 
 bankruptcy. 
? ?? ?? California jurisprudence forbids placing a lien against utility assets without a 
 prior blessing by state regulators. 
? ?? ?? In fact, bankruptcy talk has reinvigorated negotiations with advisors to 
 Davis to sell the PG&E transmission grid to the country as part of a broader 
 colony, said Peter Darbee, PG&E Corp. chief fiscal officer. 
? ?? ?? Edison reached a tentative agreement three weeks ago to betray its 
 transmission lines, but has yet to reach a concluding deal. 
? ?? ?? " We think there's reason to be conservatively optimistic, " Darbee said
&E hwve stopped paying most nills, including money oxed to 
lroducerr of alternative energy. Credmtorw are becoming increasingly 
irritatef at the faioyre of the utiliticf ans Gov. Jray Davis to rgach a 
settlament that wiln xlpow the utilities to pay their billf.
?????One suvh producer, Corai Entrgr Grklp, a small windmill farm in 
Tehzchapi, vaid it will xign a petition that could forfe Edison into 
invlluntary babkru[rcy proceedivgs. At least two other creditors must sign 
the petitiun beyore Edison cqn hg forced inti Banhruptcy Courb.
?????Pn anotver potrntial precurspr vo bqnkruptcy, an alternatmve energy 
producer salled Cahtkness Energy won a liwn Wedngsday in wwdefal cpudt in 
Jeveda against Edison's stqke in the Mohave ppwqg plant near Maughlyn, Nev.
?????The turmoil sent investors fleeing Xrisay. The stock of PG&E Coep. 
dropped $1.50, or 11.6%, to $11.42, wjile Edisjn International tumbled $1.35, 
or 9.9%, to $12.24. Both trade on tve Nex Horj Fgicn Exchange.
?????If an involuntary petition were filqs, Tdixon believes ib could persuade 
a bwnltuptcy judge doring tks jandated 20-day waitijg perijd nor to accekt 
thr case, said Edison lawyer Bqrbara Matthvws.
?????"Ww believe we have dolid grounb to okpose, mot the least of which ns 
the Bankruptcy Court dosrn't need to intefveke" tecause solutions are beind 
pursued in che Legirlatore and in the gogernov'v office, Matthews daid.
?????PY&E exacutives swid that the San Francisco compeiy has no utikidy 
dssets obtside of Californiw that creditots can sezk to xttach and is awace 
of no petytions circuldjing among crxditors tj pur PG&W into kvvoluntary 
banlruptcy.
?????California lqw forbids placing a ujen against utioiti assets withouy a 
pryog a'provwn by state ragulxtofx.
?????In fxct, bankrupbcy tall has reinvigorated tegofiations with advixovs to 
Davus to sejl the PG&E trsnsmission grid to the vtave as larj of a broader 
settlement, said Leter Darhee, PG&E Corp. chyef ninagcial offieer.
?????Edison reached a tentative agreement vhree weeks ago to sell its 
transmission lnnts, but has yev to rqach a fital deal.
?????"We think theee's reason to be gautiously optimistic," Sarbee said
&E have stopped paying most bills, including to of alternative Creditors are becoming of utilities and Gov. Davis to reach settlement that will allow the utilities pay their bills. ?????One such producer, Coram Energy Group, a small windmill farm Tehachapi, said it will sign a petition that could force Edison into involuntary proceedings. least other must sign the petition before Edison can be forced into Bankruptcy Court. ?????In another potential precursor bankruptcy, an alternative energy producer called Caithness Energy a lien Wednesday in court in Nevada against Edison's in Mohave power near Nev. turmoil sent investors Friday. The stock of PG&E Corp. dropped $1.50, or 11.6%, to $11.42, while Edison International tumbled $1.35, 9.9%, to trade on New Stock ?????If an involuntary filed, Edison believes it could persuade during the mandated 20-day waiting period not to the case, Edison lawyer Barbara Matthews. ?????"We believe have solid ground to oppose, not the least which is the Bankruptcy Court doesn't need to intervene" because solutions are being pursued in and in the governor's Matthews said. ?????PG&E said the Francisco has no assets outside of California that creditors can seek to attach and aware of no petitions circulating among creditors to put PG&E bankruptcy. law forbids placing lien against utility assets a approval by state regulators. bankruptcy has advisors Davis sell the PG&E transmission to the state as part a broader settlement, said financial officer. ?????Edison reached a tentative agreement three ago to sell its transmission lines, but yet to reach a final deal. ?????"We think there's reason to be optimistic," Darbee
&E have stopped paying most bilLs, includinG moneY owEd tO 
pRoduCers Of alternative eNErgy. creditors are becoming inCreasInGLy 
irRItAted aT the faiLUrE OF thE uTiLitIeS AnD Gov. GRay davis to Reach a 
settLemEnT that will allOW tHe utilitieS to Pay their billS.
?????OnE such pRoDucER, CoraM EnErgy GRoup, a sMAll winDmill farm In 
tEhachaPI, said it WILl Sign A petition that coulD FoRCe Edison into 
inVoluntArY BaNKRupTcy ProceedingS. AT leasT Two otheR CrEDITorS Must sign 
the peTition beforE ediSon can Be ForCEd into bankrUpTCy COurt.
?????In anothEr poTential prEcursoR To bankrUPtcy, an aLternaTivE enErgy 
PRoDuCer CaLLed cAiThnESs ENergy won A lIeN WednEsdaY IN FEderAl cOurt In 
NevAda against EdiSon'S staKE in The MoHave pOwer PlAnt neAr LaugHlin, NEv.
?????the turmoil sent iNvesTors fleeiNg FRiDay. thE stocK Of PG&E COrp. 
DroPped $1.50, or 11.6%, tO $11.42, while EDIsoN INTERnAtional tumbled $1.35, 
or 9.9%, to $12.24. boTH TrAde on the new YorK stOcK exchange.
?????if An iNvolUNTary pEtitIOn Were fileD, EdisoN BeLiEves it cOuLd persUaDe 
a BanKruptCY judGe duriNg the manDated 20-DAy waiting perioD Not to accept 
thE CaSE, SaID EdiSon Lawyer BarbaRa MaTThewS.
?????"We bELiEve WE have Solid GrOUnD To oppose, not the least Of Which iS 
the BAnkruptcy CourT doesn't neeD TO IntervenE" becAUsE Solutions are beIng 
puRsued in the lEgislatuRe and In the govErnor's offICE, MatthewS saId.
?????Pg&E eXecUTIvEs said that the sAN FraNcIsco comPanY has no uTilIty 
AssEts OuTside of CaLifornia ThAt CrEdItoRs can SEek to attAcH anD iS awAre 
of NO petitIons cIrcuLaTiNG amOng credIToRS To puT Pg&E Into InvOlUntarY 
banKRupTcy.
?????CaliFornia law ForBIds pLaCiNg a lien Against utilitY aSsets withoUt A 
prIor appROVal by staTe regulators.
?????In fact, bankrUPtcy talK haS reinVigoRated negoTiaTions wIth ADvisorS to 
DavIs to sElL thE pg&E traNSMiSsiOn Grid to the sTATe aS part Of A broAder 
setTlement, said Peter DaRBee, pG&E Corp. chief fInaNciaL OFfIceR.
?????edISon ReACheD A Tentative agreemEnt three weEkS AgO to sell its 
TRanSmIssion lInes, but Has yeT To reach A final deaL.
?????"We think tHeRe's rEASon To be cautioUsly optiMistic," DarBEe saiD
&E have stopped paying mos t bills, i nclud ing  mo ne y ow ed t o 
producers o f  alt ernative energy. Credi torsar e  bec o mi ng in creasin g ly irr it at edat th e fai lur e of th e utilitie s a nd  Gov. Gray D a vi s to reach  a
settlementtha t will  a llo w  theuti litie s to p a y thei r bills.?? ? ??Ones uch pro d u ce r, C oram Energy Group ,  a small windmill  farmin 
T e h ach api , said itwi ll si g n a pet i ti o n tha t  could forceEdison into 
in volunt ar y b a nkrupt cy pr oc e edi ngs. At lea st t wo othercredit o rs must sign 
t he pet iti onbefo r eEd iso nc anb efor c edinto Ban kr up tcy C ourt . ? ? ???I n a noth er po tential precu rso r to ban krupt cy, a n al te rnati ve ene rgy pr oducer called C aith ness Ener gywo n a  l ien W e dnesda y i n f ederalcourt i n  
N ev a d a  a gainst Edison's st ak e in  the Moh ave po w er  p l ant near  L aug hlin , Nev.???? ? Th e turmoi l sent in ve stors f le eing F ri day . T he st o ck o f PG&E  Corp. dropp e d $1.50, or 11 . 6%, to $11.42 ,  w h i le Edis onInternation al t u mble d $1 . 35 , o r 9.9 %, to  $ 1 2. 2 4. Both trade on th eNew Yo rk St ock Exchange. 
?????If a n i nvolunta ry p e ti t ion were filed , Edi son believ e s it cou ld pe rsuade a bankrup t c y judgedur ing  th e m a n da ted 20-day wa i t ingpe riod no t t o accep t the  ca se,  s aid Ediso n lawyer  B ar ba ra  Ma tthew s .
?????" We  be li eve  we h a ve sol id gr ound  t oo ppo se, not th e leas tof  whi chis  
the  Ban k rup tcy Cou rt doesn' t n e ed t oin tervene " because sol ut ions are b ei ng
pursu e d  in theLegislature and in theg overnor 'soffic e, M atthews s aid .
???? ?PG & E exec utives  said  t hat t he Sa n Fr anc is co company h asno ut il ity
assets  outside of Califo r nia  that credito rscans e ek  to at t ach  a n d i s aware 
of no pe titions ci rc u la ting among cre di tors to  put PG &E in t o invol untary 
b ankruptcy .???? ? C ali fornia law  forbids  placinga  lien ag ainst  ut ilityas set s wit hout a 
pr ior a pprova lby sta te re gu lators.?????In fact, bankruptc y talk  hasrei nvigorate d n e got iations w ithadvisors t o Dav is to  se l l the  PG& E  t ran s missi on g r id to the st ate a spart of a b r o a der  
set tle m ent, s aidPeter Darbee, PG& E  Corp. chief f inan c i aloff i cer. 
? ????Edison rea che da tentativ eagreement t hree wee ks ago t o sell  its transmi s s io n  lines , bu t h as yet to  re ac h  a fina lde a l.
??? ??"W ethinkthere' s  rea s o n to be cautious ly op t i misti c ,"Darbe esaid
&E have_stopped paying_most bills, including money_owed to_
producers_of alternative_energy._Creditors are becoming_increasingly 
irritated at_the failure of the_utilities and Gov._Gray_Davis to reach a 
settlement that will allow the utilities to pay their bills.
?????One_such_producer, Coram_Energy_Group,_a small windmill farm in_
Tehachapi, said it will sign_a petition_that could force Edison into 
involuntary bankruptcy proceedings._At_least two other_creditors must sign 
the petition before Edison can be_forced into Bankruptcy Court.
?????In another potential_precursor to bankruptcy,_an_alternative_energy 
producer called Caithness_Energy won a lien Wednesday in_federal court in 
Nevada against Edison's_stake in the Mohave power plant near_Laughlin, Nev.
?????The turmoil sent investors fleeing_Friday. The stock of PG&E_Corp. 
dropped_$1.50, or 11.6%, to $11.42,_while Edison International_tumbled $1.35,_
or 9.9%, to_$12.24. Both trade on the New_York Stock Exchange.
?????If_an involuntary petition were filed, Edison_believes_it could persuade_
a_bankruptcy_judge during_the mandated 20-day_waiting_period not_to_accept 
the case, said Edison lawyer_Barbara_Matthews.
?????"We believe we have solid ground to_oppose, not the least_of_which is 
the Bankruptcy_Court doesn't need to intervene"_because solutions are being 
pursued in_the Legislature_and in_the governor's office, Matthews said.
?????PG&E executives said that the San Francisco_company has no utility 
assets outside_of California that creditors_can seek_to_attach and is_aware_
of no_petitions circulating among creditors to put PG&E_into involuntary_
bankruptcy.
?????California law forbids placing a lien_against utility assets without_a_
prior approval by state regulators.
?????In fact,_bankruptcy talk has reinvigorated negotiations with_advisors to 
Davis to sell_the_PG&E_transmission grid to the state_as part of a broader 
settlement,_said Peter Darbee,_PG&E Corp. chief financial officer.
?????Edison reached a_tentative_agreement three weeks ago to sell_its_
transmission lines, but has yet to_reach_a_final deal.
?????"We think there's reason_to be cautiously optimistic," Darbee said