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Bankruptcy

Jun. 27, 2019

Bondholder plan to reorganize and rename PG&E will depend on judge

U.S. Bankruptcy Judge Dennis Montali’s handling of the Pacific Gas and Electric Co.’s 2001 bankruptcy may shed light on how seriously he will consider a $30 billion reorganization plan by a committee of the utility’s bondholders.

SAN FRANCISCO -- U.S. Bankruptcy Judge Dennis Montali's handling of the Pacific Gas and Electric Co.'s 2001 bankruptcy might shed light on how seriously he will consider a $30 billion reorganization plan by a committee of the utility's bondholders.

In that case, the judge terminated PG&E's window to propose a plan to emerge from bankruptcy after the California Pu...

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