PG&E May Face New Calls to Let Others Craft a Recovery Plan

07.12.19

Bloomberg

[A group of bondholders are] seeking to replace PG&E’s proposed $31 billion reorganization plan, which would see it emerge from bankruptcy in March with help from tax-exempt bonds that the state would have to agree to issue. California Governor Gavin Newsom said in an interview on Thursday that he doesn’t support PG&E’s proposal to issue tax-exempt bonds at this point.

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