Environmental & Energy,
Bankruptcy
Jun. 18, 2020
PG&E set to emerge from bankruptcy crippled with debt
PG&E Corp. will emerge from bankruptcy saddled with substantial debt and lingering concerns over its safety practices.
U.S. Bankruptcy Judge Dennis Montali of the Northern District is overseeing Chapter 11 proceedings involving Pacific Gas & Electric.
PG&E Corp. will emerge from bankruptcy saddled with substantial debt and lingering concerns over its safety practices.
The bankruptcy judge overseeing PG&E's reorganization indicated at a Tuesday hearing he would approve its $59 billion exit plan. The proposal involves issuing significant sums of new debt and equity to help pay for $25.5 billion in wildfire settlements -
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Dennis J. Montali
Dennis Montali
U.S. Bankruptcy Judge Northern District of California (San Francisco)
