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Bankruptcy

Feb. 1, 2019

Bankruptcy judge sides with PG&E on short-term payments

A federal judge largely agreed with Pacific Gas and Electric Corp. Thursday on how the utility should handle its short-term financial commitments while setting the stage for combative proceedings on when and how much thousands of other creditors should be paid.

Bankruptcy judge sides with PG&E on short-term payments
U.S. Bankruptcy Judge Dennis Montali of San Francsico

SAN FRANCISCO -- A federal judge largely agreed with Pacific Gas and Electric Corp. Thursday on how the utility should handle its short-term financial commitments while setting the stage for combative proceedings on when and how much thousands of other creditors should be paid.

Despite objections to PG&E's financial disclosures, which an attorney at the hearing complained were "shrouded in secrecy," U.S. Bankruptcy Judge