November 5, 2024

PG&E Bankruptcy

California Could Restructure PG&E, Governor Says
California Gov. Gavin Newsom has summoned PG&E and its creditors, including victims, to try to broker a deal to pull the utility out of bankruptcy.
PG&E Could Still Reject PPAs, Analysts Say
Analysts at a renewable energy conference warned that PG&E could still reject its renewable power purchase agreements in bankruptcy.
PG&E Bankruptcy Judge Appoints Mediator
The federal judge overseeing Pacific Gas and Electric’s bankruptcy named a mediator to help the utility and its bondholders negotiate a reorganization plan.
UPDATED: Attorneys Clash over PG&E Reorg, Blackouts Resume
Attorneys in the PG&E (NYSE:PCG) bankruptcy case sparred over the merits of their competing reorganization proposals, taking potshots at each other’s plans.
PG&E Announces Massive Shutdown to Prevent Wildfires
The escalating battle between bondholders and shareholders to control PG&E (NYSE:PCG) when it exits bankruptcy played out before Judge Dennis Montali.
Creditor Group Joins Call to End PG&E ‘Exclusivity’
A notable group of claimants has added its voice to the chorus of parties asking a judge to end PG&E’s exclusive right to offer a reorganization plan.
CPUC Opens Investigation of PG&E Bankruptcy Plan
The California PUC opened a formal examination into PG&E’s Chapter 11 reorganization plan, as bondholders trying to take over the utility upped the ante.
Lawyers Clash in PG&E Bankruptcy Hearing
Lawyers in the Pacific Gas and Electric bankruptcy case argued for hours over competing reorganization plans and how much the utility owes victims.
Judge to Hear PG&E Takeover Plan
The judge overseeing the PG&E (NYSE:PCG) bankruptcy will consider 2 reorganization plans: one from the company and one by bondholders and wildfire victims.
PG&E and Insurers Agree to Settle Wildfire Claims
PG&E [NYSE:PCG] announced it had reached an $11B settlement agreement with nearly all the insurers trying to recoup their payments to victims of wildfires.

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