ALJ/SRT/jva DRAFT Agenda ID #2925 Ratesetting
Decision DRAFT DECISION OF ALJ THOMAS (Mailed 11/3/03)
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA
In re Application of WORLDCOM, INC. Pursuant to Public Utilities Code Section 853(b) for Exemption from the Requirements of Sections 851 and 854 of the Public Utilities Code With Respect to its Bankruptcy Reorganizations. |
Application 03-08-016 (Filed August 20, 2003) |
OPINION
GRANTING EXEMPTION FROM REQUIREMENTS
OF PUBLIC UTILITIES CODE SECTIONS 851 and 854
Summary
This decision grants the application of WorldCom, Inc. (WorldCom) for an order pursuant to Pub. Util. Code § 853(b)1 exempting the restructuring and certain related intra-corporate transactions undertaken to consummate WorldCom's Plan of Reorganization under Chapter 11 of the Federal Bankruptcy Code from prior Commission approval under §§ 851 and 854.
1 All statutory references are to the Public Utilities Code, unless otherwise noted.
