Pacific Gas & Electric, In re Pacific Gas & Electric
Haynes and Boone Team:
Albergotti, Robert D.
, Everett, Scott W.
Services: Bankruptcy and Business Restructuring
, Distressed Mergers and Acquisitions
, Mergers and Acquisitions
, Restructuring, Workouts, and Recapitalizations
, Energy and Petrochemical Industry
, Power, Renewables and Regulatory
The firm was engaged by the California State Assembly in late 2000 to advise it with respect to the financial crisis facing the incumbent electric production and service providers in California including the crisis relative to availability to electricity and rolling blackouts. The firm advised the legislature with respect to the State of California taking over financial responsibility for the purchase of electric power and later advised the legislature in connection with the bankruptcy of Pacific Gas & Electric and of the workout of the financial at Southern California Edison.