US refinancings suggest recovery
Do several big debt refinancings at US utilities mean energy companies are finally starting to emerge from their post-Enron and post-California crisis problems? Joe Marsh reports
The Calpine and PG&E transactions support the view of some analysts thatCalifornian utilities may be emerging from the aftermath of the state’s2000/2001 power crisis.
Bankrupt utility PG&E, a subsidiary of
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