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:

March 18, 2020
PG&E Bankruptcy Proceeds As Virus Delays Calif. Cases

A California bankruptcy judge has indicated that the novel coronavirus outbreak likely won't delay PG&E Corp.'s efforts to emerge from Chapter 11 to meet a deadline to access billions in state funds, while dozens of other high-profile cases in the San Francisco Bay Area were delayed or put on hold.
March 16, 2020
PG&E Wins Approval To Raise $20B In Ch. 11 Exit Funding

Utility provider PG&E Corp. received California bankruptcy court approval Monday for its plan to raise nearly $20 billion in funding after the state's governor withdrew his opposition, in a major milestone for the debtor as it moves toward confirmation of its Chapter 11 plan that will address billions of dollars in wildfire claims.
March 10, 2020
PG&E Strikes $1B Wildfire Settlement With FEMA

Pacific Gas and Electric Co. struck a $1 billion deal with the Federal Emergency Management Agency to reimburse it for services provided in response to Northern California wildfires caused by the utility, the parties told the judge overseeing PG&E's Chapter 11 bankruptcy Tuesday, while the California emergency agency completely withdrew its claim.
March 09, 2020
Fire Victims Question Effect Of New PG&E Ch. 11 Exit Loan

A committee of Northern California wildfire victims has told a California bankruptcy court that it has questions about what Pacific Gas and Electric's recent proposal to take on an extra $6 million in Chapter 11 exit financing debt will do for the company's future value.
March 05, 2020
PG&E Wants Nod For $454M In Worker Incentive Packages

Pacific Gas and Electric Co. asked a California bankruptcy judge on Thursday to greenlight two worker incentive plans that would pay out up to $454 million, saying the compensation reward system would help bring employees' interests in line with those of bankruptcy stakeholders.
February 26, 2020
FEMA Wants Billions From PG&E For Ignoring Wildfire Risks

Pacific Gas and Electric Co.'s inadequate maintenance of power lines despite known wildfire risks leaves it on the hook for repaying billions of dollars in emergency assistance in addition to the $13.5 billion it agreed to pay Northern California wildfire victims, federal and state agencies told the judge overseeing its bankruptcy Wednesday.
February 20, 2020
Wildfire Victims Blast FEMA And Calif. Claims Against PG&E

Victims of the wildfires that scorched California in 2017 and 2018 are calling billions in bankruptcy claims filed against Pacific Gas and Electric Co. by federal and state emergency agencies for reimbursement for disaster spending unprecedented and unsupported by the law.
February 04, 2020
PG&E Ch. 11 Plan Nears Vote After Noteholder Deal Approved

A federal bankruptcy judge on Tuesday approved an agreement between Pacific Gas and Electric Co. and noteholders, clearing a path for a confirmation vote ahead of the deadline for PG&E to exit bankruptcy in order to gain access to California's $21 billion wildfire fund.
January 29, 2020
PG&E Wins OK For Tubbs Fire Deal As Utility Eyes Ch. 11 Exit

A U.S. bankruptcy judge on Wednesday approved Pacific Gas and Electric Co.'s settlement with victims of the fatal 2017 Northern California Tubbs wildfire, buoying the utility's assertion that its reorganization plan is on track to meet a June confirmation deadline required to access the state's $21 billion wildfire fund.
January 22, 2020
Newsom Urges Court To Reject PG&E's Bankruptcy Plan

California Gov. Gavin Newsom urged a federal bankruptcy court Wednesday to reject Pacific Gas and Electric Co.'s reorganization plan, even as PG&E announced it had reached a deal with a group of bondholders securing their support.

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