Bankruptcy Proceedings
As a preliminary matter, we must determine whether PG&E has authority to transfer the property. The utility is the debtor and debtor-in-possession in a Chapter 11 proceeding brought under the Federal Bankruptcy Act now pending before the United States Bankruptcy Court.4 The Bankruptcy Court has entered a comprehensive order authorizing PG&E to sell certain types of property, including the property subject to this application, without further order of the Bankruptcy Court.5 Subject to our approval under Section 851, PG&E has the requisite authority of the Bankruptcy Court to make the proposed conveyance.
4 In re Pacific Gas and Electric Co., No. 01-30923 DM (Bankr. D. Cal. filed April 6, 2001). 5 Order Granting PG&E's Motion for Authority (1) to Sell (Free and Clear of a Specified Lien), Donate, Lease, License or Otherwise Encumber Its Real and Personal Property, and (2) to Enter into Lease, License and Permit Agreements for the Use of Third-Party Property, in Each Case Within Specified Parameters (Oct. 15, 2001).
