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:

May 02, 2019
PG&E Seeks Court OK For $105M Wildfire Victims Fund

PG&E Corp. is asking a California bankruptcy court for permission to set aside $105 million to help with the housing expenses of people displaced by the 2017 and 2018 California wildfires that drove the company into Chapter 11.
April 23, 2019
PG&E's $350M Worker Bonus Plan OK'd Over Objections

A California bankruptcy judge on Tuesday approved PG&E Corp.'s plan to pay up to $350 million in bonuses to 10,000 employees over objections from fire victims, saying during a hearing that cutting workers' compensation due to wildfire concerns seems to be the "wrong way to deal with the problem."
April 18, 2019
PG&E Using Ch. 11 To Elude Rate-Gouging Claims, City Says

San Francisco has asked a California bankruptcy court to allow it to press forward with its claims that PG&E is improperly squeezing the city on rates, saying the bankrupt power utility has been hiding behind the automatic stay to prevent a resolution.
April 16, 2019
PG&E Creditors' Banker Has Murky Connections, Trustee Says

The U.S. Trustee has urged a California bankruptcy court to reject Pacific Gas and Electric Corp.'s request to hire Centerview Partners LLC, saying the investment bank has not provided enough information to prove it has no conflicts of interest in the case.
April 10, 2019
FERC Fights For Oversight Of PG&E's $42B Power Deals

The Federal Energy Regulatory Commission and Pacific Gas and Electric Co. fought before a California bankruptcy judge Wednesday over whether the regulator can enforce power purchase agreements worth potentially $42 billion, with FERC arguing that oversight is needed so PG&E doesn't "bring down the grid."
March 27, 2019
PG&E, JPMorgan's $5B Bankruptcy Deal OK'd Over Protests

A California bankruptcy judge on Wednesday approved JP Morgan Chase Bank NA and other banks' revised $5.5 billion debtor-in-possession loan to Pacific Gas and Electric over objections from fire victims who argued PG&E's counsel refused to negotiate with them.
March 22, 2019
Wildfire Victims Say PG&E Should Pay $9.5M In Settled Claims

Victims of a Northern California wildfire allegedly caused by Pacific Gas & Electric have asked a California bankruptcy judge to order the utility to pay out about $9.5 million in property damage settlements they made with PG&E before it filed for bankruptcy protection in January.
March 14, 2019
FERC Using Power Deal Spat To Alter Bankruptcy Law: PG&E

A California bankruptcy judge must block the Federal Energy Regulatory Commission from having a say over whether Pacific Gas & Electric Co. can ditch power purchase agreements in Chapter 11 in order to protect bankruptcy courts' absolute authority over a core issue of contract rejection, the utility said Wednesday.
March 13, 2019
PG&E, JPMorgan Asked To Revise $5B Bankruptcy Deal

A California federal bankruptcy judge said Wednesday he's uncomfortable with terms of JP Morgan Chase Bank NA and other banks' proposed $5.5 billion debtor-in-possession loan to electric utility Pacific Gas & Electric, noting that the proposed deal would require him to relinquish control of the proceedings to state regulators if PG&E defaults.
March 11, 2019
Bankruptcy Court To Keep FERC-PG&E Power Deals Fight

A California district judge Monday denied a Federal Energy Regulatory Commission move to take its dispute over whether it can stop Pacific Gas and Electric Co. from tearing up $42 million in power purchase agreements out of bankruptcy court.

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