SAN FRANCISCO, Sept 19 (Reuters) – The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it is prepared to present a $24 billion reorganization plan for the power provider.
The committee, joined by a group of unsecured noteholders, said in the filing in U.S. Bankruptcy Court in San Francisco that the plan will provide for a “comprehensive settlement” of all of claims against PG&E stemming from massive wildfires in recent years that pushed the company to seek Chapter 11 bankruptcy protection in January.
By Jim Christie
Source: Reuters
