Tag: Bankruptcy court
CPUC Approves PG&E Chapter 11 Reorganization Plan
On Thursday, the California Public Utilities Commission (CPUC) approved PG&E’s Chapter 11 plan of reorganization, paving the way for the utility company to come out of bankruptcy before the June 30th deadline. CPUC approves PG&E’s plan on leaving Chapter 11...
Bankruptcy Court Approves $24.5 Billion in PG&E Settlements
Two PG&E settlement deals worth a combined $24.5 billion to compensate wildfire victims and insurance companies was approved by a U.S. bankruptcy judge on Tuesday. After a long 5 hour hearing in San Francisco, Bankruptcy Judge Dennis Montali first approved...