[cogman10]

I'm going to push back a bit. Interest rates can be favorable to a company but not money market fund favorable. That would be a better interest rate than a US treasury note.

PG&E currently has 2.4% bonds out. Better than what you can get, but not lower than a mmf (usually less than a percent).

As a rule of thumb, rates won't sink lower than ten year tnote rates. Nobody will purchase a bond from a company that has a lower rate than a tnote.

[kragen]

Thank you for the concrete numbers and the correction/additional information!