Government,
Bankruptcy,
Banking
Mar. 28, 2019
U.S. judge grants PG&E access to $5.5B in financing
The judge overseeing the Pacific Gas and Electric Corp.’s bankruptcy approved the utility’s request to fully tap into $5.5 billion in financing from major banks Wednesday over objections from an attorney representing thousands of wildfire victims, arguing she could leverage a better deal with more time.
SAN FRANCISCO — The judge overseeing the Pacific Gas and Electric Corp.’s bankruptcy approved the utility’s request to fully tap into $5.5 billion in financing from major banks Wednesday over objections from an attorney representing thousands of wildfire victims, arguing she could leverage a better deal with more time.
Attorneys for PG&E and a lender argued they renegotiated the deal to better address U.S. Bankruptcy Judge Denn...
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