Bankruptcy
Jul. 24, 2019
Wildfire mitigation fund may hurt bondholders’ chances to reorganize PG&E
State lawmakers’ passage of a multibillion dollar wildfire mitigation fund casts further doubt on a plan by a group of Pacific Gas and Electric Corp. bondholders to reorganize the utility.
State lawmakers' passage of a multi-billion-dollar wildfire mitigation fund casts further doubt on a plan by some Pacific Gas and Electric Corp. bondholders to reorganize the utility.
The bill, AB 1054, eases concerns about the financial viability of PG&E once it emerges from bankruptcy by warding off threats by various credit agencies to downgrade California utilities and potentially shifting the burden of liability for future ...
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