Government,
Bankruptcy,
Banking
Mar. 28, 2019
U.S. judge grants PG&E access to $5.5B in financing
The judge overseeing the Pacific Gas and Electric Corp.’s bankruptcy approved the utility’s request to fully tap into $5.5 billion in financing from major banks Wednesday over objections from an attorney representing thousands of wildfire victims, arguing she could leverage a better deal with more time.
SAN FRANCISCO — The judge overseeing the Pacific Gas and Electric Corp.’s bankruptcy approved the utility’s request to fully tap into $5.5 billion in financing from major banks Wednesday over objections from an attorney representing thousands of wildfire victims, arguing she could leverage a better deal with more time.
Attorneys for PG&E and a lender argued they renegotiated the deal to better address U.S. Bankruptcy Judge Denn...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In