2704, 2020

Commission ALJ Recommends PG&E Bankruptcy Approval

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On April 20, the California Public Utilities Commission (CPUC) Administrative Law Judge (ALJ) Peter Allen issued a 117-page document endorsing PG&E’s new governance structure, which includes a regional restructuring that aims to establish more responsive operations after years of catastrophic wildfires and last fall's public safety power shutoff (PSPS) events. Allen’s action is another step toward ensuring PG&E can close its Chapter 11 case by the June 30 deadline mandated by AB 1054. 

2012, 2019

Creditors Group Offers All-Cash Deal in New Proposal to PG&E Victims

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In an attempt to salvage their bid to take control of PG&E, a group of creditors led by Elliott Management Corporation (Elliott) and Pacific Investment Management Company (PIMCO) said late Friday that they would commit to addressing Governor Newsom’s concerns with PG&E, including the formation of a new board and making provisions for the option of a state takeover.

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