PG&E Stays in Charge of Mega-Billion-Dollar Bankruptcy Exit Plan

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PG&E Stays in Charge of Mega-Billion-Dollar Bankruptcy Exit Plan

PG&E Corp. scored a crucial win Friday, when the judge overseeing its massive bankruptcy allowed it to hold on to sole rights to fashion a chapter 11 exit plan.

Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco turned down requests from two groups of creditors who have been rounding up billions of dollars in financial commitments to back their versions of a chapter 11 exit proposal for PG&E.

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By Peg Brickley

Source: The Wall Street Journal

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By |2019-08-21T09:46:04-07:00August 16th, 2019|News, Paradise, PG&E|0 Comments

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