ADVISORY/Pacific Gas and Electric Creditors Committee Establishes Clearinghouse for News and Information Related to Creditors, Bankruptcy.Business & News Editors ADVISORY... --(BUSINESS WIRE) The Official Committee of Unsecured Creditors Unsecured Creditor An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because they have nothing to fall back on should the borrower default on the loan. A debenture holder is an unsecured creditor. in the Pacific Gas and Electric Company
The Pacific Gas and Electric Company (PG&E) , (NYSE: PCG), is the utility that provides natural gas and electricity to most of Northern California. (PG&E) bankruptcy case has established a clearinghouse for news and information related to the creditors and the bankruptcy. The clearinghouse will be managed by Rogers & Associates, a Los Angeles-based public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most firm. Established by the U.S. Bankruptcy Trustee overseeing the PG&E case, the Creditors Committee represents the interests of the estimated 30,000 companies and individuals who are still owed money following the utility's April 6 bankruptcy filing. The Committee consists of 11 members representing the broad spectrum of disaffected dis·af·fect·ed adj. Resentful and rebellious, especially against authority. dis  af·fect creditors,
including small businesses, state and municipal governments and
financial corporations.
The Creditors Committee has established this clearinghouse to ensure that media have a source of timely and reliable information. In addition, Rogers & Associates will be disseminating dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. news and statements by the Creditors Committee when appropriate. For more information related to the Creditors Committee and the PG&E bankruptcy, please call 310/551-5380. |
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