Bankruptcy
Aug. 14, 2019
PG&E and bondholders debate competing bankruptcy proposals
Two groups, including some unlikely allies, formed Tuesday at a hearing to discuss whether a bankruptcy judge should open the door for competing proposals to reorganize the Pacific Gas & Electric Corp.
SAN FRANCISCO -- Two groups, including some unlikely allies, formed Tuesday at a hearing to discuss whether a bankruptcy judge should open the door to competing proposals to reorganize the Pacific Gas & Electric Corp.
One side features a committee of bondholders -- backed by a ratepayer advocacy group, labor unions and other major creditors -- seeking to terminate PG&E's exclusive right to come up with a plan, arguing cons...
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