SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. “Today’s announcement is significant for PG&E and for the many wildfire victims who…
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PG&E Corp achieves bankruptcy court confirmation of its plan of reorganization
SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that the United States Bankruptcy Court for the Northern District of California has confirmed the company’s Chapter 11 Plan of Reorganization. This follows the California Public Utilities Commission’s approval of the Plan on May 28, 2020. “Today’s ruling in the Chapter 11 proceeding concludes…