Environmental & Energy
May 29, 2020
Utility regulator approve PG&E’s reorganization plan
The $58 billion reorganization would provide $25.5 billion to victims of wildfires in 2017 and 2018 and the rest — $22 billion — would go to pre-bankruptcy debts and payments for other costs.
The California Utilities Commission on Thursday unanimously approved Pacific Gas & Electric Co.'s reorganization plan.
The $58 billion reorganization would provide $25.5 billion to victims of wildfires in 2017 and 2018 and the rest -- $22 billion -- would go to pre-bankruptcy debts and payments for other costs.
The commission's approval was crucial for the utility to participate in a $21.5 billion ...
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