PG&E Corporation

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Case overview

Case Number:

3:19-bk-30088

Court:

California Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

June 04, 2020
PG&E Bankruptcy Plan Is 'House Of Cards,' Objectors Warn

Pacific Gas and Electric Co.'s $59 billion Chapter 11 reorganization plan does not adequately mitigate wildfire risks or prioritize wildfire survivors, challengers to the plan told a U.S. bankruptcy judge during a bench trial Thursday, calling the plan a "house of cards" that should not be confirmed.
June 03, 2020
PG&E Warns Of 'Draconian' Results If Bankruptcy Plan Denied

Pacific Gas and Electric Co. urged a U.S. bankruptcy judge to confirm its $58 billion reorganization plan during a bench trial Wednesday, slamming an objector's allegations of a potential conflict of interest as "absolutely preposterous" and warning of "draconian" results for wildfire victims if the plan is not confirmed.
June 02, 2020
PG&E Resolves Fire Victims' Ch. 11 Plan Objections

PG&E Corp. and a committee representing victims of wildfires blamed on the utility told a California bankruptcy court Tuesday that they had resolved the committee's objections to PG&E's Chapter 11 plan, including a stock valuation question.
May 29, 2020
PG&E Objector Suggests Weil Atty's Son Raises Conflict

A bench trial over whether to confirm Pacific Gas and Electric Co.'s $58 billion bankruptcy reorganization plan entered its third day Friday, with an objector questioning whether a conflict exists because a Weil LLP attorney representing PG&E is the father of a director of the company running its confirmation process.
May 28, 2020
Alsup Slams 'Criminal' PG&E's 'C-R-A-P-P-Y' Fire Mitigation

U.S. District Judge William Alsup slammed wildfire mitigation efforts by "recalcitrant criminal" Pacific Gas and Electric Co. on Thursday, saying the bankrupt utility is violating probation by failing to trim enough trees and that, "if ever there was a corporation that deserved to go to prison, it's PG&E."
May 27, 2020
PG&E's $58B Ch. 11 Confirmation Enters Final Stretch

A bench trial on whether to confirm Pacific Gas and Electric Co.'s $58 billion bankruptcy reorganization plan kicked off Wednesday with opponents raising questions about a possible conflict of interest by the consulting firm that solicited fire survivors' votes on the proposal.
May 21, 2020
CPUC Vote On PG&E Bankruptcy Delayed As Ratepayers Rail

The California Public Utilities Commission heard Thursday from Pacific Gas and Electric Co. customers urging it to reject the utility's bankruptcy plan, but the agency delayed its scheduled vote on the plan due to an outside communication it received during a mandated quiet period ahead of its decision.
May 18, 2020
PG&E Says Fire Victims Overwhelmingly OK Bankruptcy Plan

Pacific Gas and Electric Co. said preliminary results Monday indicate that survivors of Northern California wildfires sparked by the utility's equipment overwhelmingly voted to approve its reorganization plan, which includes a $13.5 billion trust for fire victims, clearing one of the final hurdles for it to emerge from bankruptcy.
May 15, 2020
PG&E Judge Won't Disturb Fire Survivors' Ch. 11 Votes

The federal judge overseeing Pacific Gas and Electric Co.'s bankruptcy rejected Friday an effort to throw out some fire survivors' votes on the utility's Chapter 11 reorganization plan, ruling that a wildfire attorney accused of concealing a conflict of interest from his clients did not violate bankruptcy laws.
May 12, 2020
PG&E Fire Survivors' Atty Didn't Disclose Conflict, Judge Told

An attorney representing 16,000 Northern California wildfire survivors in Pacific Gas and Electric Co.'s bankruptcy didn't properly disclose a potential conflict of interest that may have impacted negotiations toward a $13.5 billion settlement, a wildfire survivor told a U.S. bankruptcy judge Tuesday.

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