Commission ALJ Recommends PG&E Bankruptcy Approval

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. 

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Bankruptcy Court Approves PG&E Settlement, Dismisses Last Minute Objections Regarding COVID-19

On April 7, U.S. Bankruptcy Judge Dennis Montali rejected an attempt by wildfire victims' attorneys to notify clients that their $13.5 billion settlement with PG&E could be devalued by a stock market impacted by COVID-19.

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Fifth District Court of Appeals Challenges Kern County’s 2015 EIR for Oil Wells

On February 25, the 5th District Court of Appeals threw out a Kern County law that allowed oil and natural gas producers to rely on the approval of a single environmental impact report (EIR) for nearly 70,000 wells, stating that the county’s law was in violation of California’s Environmental Quality Act (CEQA).

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

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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Newsom Reaffirms Opposition to PG&E Plan; Court Ignores Governor’s Views

Following his letter from last week, Governor Newsom on Monday submitted a filing before U.S. Bankruptcy Court Judge Dennis Montali in which he said that PG&E’s reorganization ignored his concerns and offered a restructuring plan that is, “more about creating an illusion of momentum,” than a true reorganization plan.

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