Bankruptcy
Oct. 10, 2019
PG&E loses sole right to plan reorganization
The utility will now have to contend with competing plans to emerge from bankruptcy.
Pacific Gas and Electric Co. must now wrestle with competing plans from rival groups to emerge from bankruptcy, according to a court order filed Wednesday.
As PG&E cut power to millions of customers as a part of its court-mandated wildfire safety protocol, U.S. Bankruptcy Judge Dennis Montali cleared the way to allow two unlikely allies to propose a blueprint for the utility to emerge from Chapter 11 reorganization.
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