Bankruptcy
Jul. 25, 2019
Judge sides with PG&E and its allies in battle over bondholders’ bid for the utility
A bankruptcy judge did not open the door Wednesday for consideration of a plan by a group of Pacific Gas and Electric Corp. bondholders to reorganize the utility, instead permitting state officials to reschedule the matter and allow key parties to negotiate a procedure for submitting other proposals.
SAN FRANCISCO -- A bankruptcy judge did not open the door Wednesday for consideration of a plan by a group of Pacific Gas and Electric Corp. bondholders to reorganize the utility, instead permitting state officials to reschedule the matter and allow key parties to negotiate a procedure for submitting other proposals.
In the wake of state lawmakers passing a wildfire mitigation bill, attorneys for Gov. Gavin Newsom and a state utili...
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