SAN FRANCISCO — Some Northern California counties are hoping to win approval for a committee of government creditors in the Pacific Gas and Electric bankruptcy case.
The only committee now representing PG&E’s thousands of creditors is dominated by energy traders. They have no incentive to stand up for the communities PG&E serves, according to a motion filed Wednesday by San Francisco City Attorney Louise Renne.
Joining San Francisco in the request are Alameda, Sonoma, San Luis Obispo and Siskiyou counties, along with the cities of Berkeley and San Jose.
Renne’s office claims PG&E has negotiated a reorganization plan that favors energy companies whose soaring wholesale electricity rates drove the utility into Bankruptcy Court. Under the plan, released Sept. 20, PG&E would drop legal challenges against the prices charged by generators, who would receive full payment of about $9 billion.
The 11-member creditors committee endorsed the PG&E plan two weeks after it was filed. Renne’s office says the committee, which includes seven energy trading companies, including Enron and Dynegy, has kept the majority of PG&E’s creditors in the dark.
The counties hope want to draw up an alternative restructuring plan.
SAN JOSE — Palo Alto police are looking for a man who they say conned a car dealership into handing over the keys to a custom-ordered Porsche valued at $125,000.
The real owner of the gray 996 Turbo, who had waited two years for his special order, showed up 20 minutes later to claim it.
The suspect, who called himself Steve, showed up Saturday morning at the Carlsen Motor Cars dealership dressed in a gray business suit and holding out his handheld computing device.
He talked briefly with the sales clerk inside and then asked to look around the lot, police said. The man walked into the detailing shop where an employee was washing the new Porsche.
According to police detective Dana de la Rocha, the general manager had just told the detailer to finish washing the car because the customer who ordered it was on his way. So when the man told the detailer that the Porsche was his, the detailer turned over the keys.
The man was last seen heading north on Highway 101. The car had no license plates or dealer tags and still belonged to the dealership.