PG&E Makes Final Push to Stay in Charge of Chapter 11

08.13.19

Wall Street Journal

At one point at Tuesday’s hearing, PG&E’s lawyer described the company as an “honest broker” of the interests of its creditors, provoking laughter in the courtroom.

If Judge Montali opens the door to competing chapter 11 plans, PG&E can still propose its own version of a restructuring, and can hope to draw support from those entitled to vote. The crucial votes will come from people with claims for death, injury or damage because of the fires that swept through California in 2017 and 2018.

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