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* Today, the first hearing in PG&E; Corp.’s bankruptcy filing is scheduled in San Francisco. The state’s largest utility filed for bankruptcy court protection Friday, saying it is more than $9 billion in debt. The filing, which includes a list of creditors, allows the company to continue to operate while it reorganizes its finances. A judge, working under federal bankruptcy law, will determine who will be paid and in what order.

* Today, Edison International’s Southern California Edison subsidiary is expected to detail in an SEC filing the effect of the recent Public Utilities Commission’s decision to overhaul how the utilities account for electricity costs. The PUC ordered the merging of two accounts--the so-called under-collections, which utilities cannot pass on to customers, and the over-collections, or profits made off generation. Edison intends to appeal this decision.

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