From March 29th: Pacific Gas & Electric Clears Way For California's Plan to Sell Bonds
SACRAMENTO, Calif. -- Pacific Gas & Electric Co. has removed a major obstacle from California's plan to sell up to $11.1 billion in electric-revenue bonds, saying it does not intend to challenge key elements of the sale in the state Supreme Court."Our company has no plans to challenge or impede the recent" decisions by the California Public Utilities Commission that are necessary building blocks to the bond sale, Gordon Smith, the utility's president and chief executive, wrote to Treasurer Phil Angelides in a March 26 letter.
Gordon Smith, A.K.A. Lucy van Pelt...
But I keep getting confused on the amount of the bond issue. Only two weeks ago it was down to $6.5 billion, now it's back up to $11+. Did the Revenue Anticipation Warrants go away?
It's going to be a hot June in Bagramento!