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July 06, 2022

Governor Signs PG&E ‘Plan B’ Takeover Bill

Utility Says Necessary Chapter 11 Financing Obtained

Jul 1, 2020
Hudson Sangree
Company News / California Legislature / California
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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