June 19, 2021

Governor Signs PG&E ‘Plan B’ Takeover Bill

Utility Says Necessary Chapter 11 Financing Obtained

Jul 1, 2020
Hudson Sangree
Pacific Gas and Electric said it had completed its bankruptcy restructuring Wednesday, one day after California Gov. Gavin Newsom signed a bill allowing the state to take over the utility if it fails egregiously over time to obey the Public Utilities Commission’s rules. Those rules, imposed as a condition of...
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