PG&E Bankruptcy - What Happened?

PG&E had wanted to split the company into four parts with 300 federal control. The judge would not allow it to bankruptcy judge. PG&E would go forward as an intact company under PUC regulation. Consumers would now get higher rates expected to be $6.2 billion to $8.2 billion above market prices through 2012, an average of $1,300 to $1,700 per customer.