Lynch v. California Public Utilities Commission

Good Law
2004 WL 1632001·311 B.R. 798·43 Bankr. Ct. Dec. (CRR) 129·2004 U.S. Dist. LEXIS 13808
United States District Court, Northern District of CaliforniaJuly 15, 2004No. C-04-0580-VRWCalifornia5,583 words

Opinion

Lead Opinion

Walker, J.

ORDER

The instant appeal arises from the high-profile bankruptcy of appellee Pacific Gas and Electric Company (PG & E). PG & E filed for Chapter 11 bankruptcy on April 6, 2001. On December 18, 2003, after extensive settlement negotiations, appellee California Public Utilities Commission (CPUC) voted 3-2 to approve a modified settlement agreement (MSA) between the CPUC and PG & E. Appellants Loretta Lynch and Carl Wood, who are CPUC commissioners, cast the two dissenting votes. On January 5, 2004, the United States Bankruptcy Court entered a confirmation order implementing the MSA. This appeal followed.

Several months ago, the court denied appellants’ motion to stay the January 5 confirmation order. Doc # 77. In that order, the court expressed its view that appellants’ standing to bring this appeal was highly questionable. 4/19/04 Ord. (Doc. # 77) at 5:7-11. Unsurprisingly, PG & E, the Official Committee of Unsecured Creditors (OCUC) and the CPUC have filed motions to dismiss this appeal on that very ground. Docs. #16, 42, 82, 83. Having considered the parties’ arguments, the court is persuaded that its initial assessment of appellants’ standing is correct. Accordingly, the court…

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