Here’s the story of PG&E’s missteps and why it ultimately filed for bankruptcy. News moves fast, and there's not always time to untangle the complex forces driving the day's biggest stories.
On the first day of closing arguments on Pacific Gas and Electric’s plan for exiting Chapter 11 bankruptcy, PG&E lawyers offered a doomsday prognosis of what will happen if the utility’s plan is not ...
PG&E's impending bankruptcy would put it in notorious company, at least in terms of size. The company would join the ranks of "failing angels," or companies whose debt goes straight from ...
(Reuters) - PG&E Corp is in discussions with investment banks about a multibillion-dollar financing package to help navigate bankruptcy proceedings, a sign that Chapter 11 filing preparations are ...
The investors say PG&E failed to notify those who sold shares before the company filed for bankruptcy on Jan. 29, 2019, of their right to file claims for damages in the bankruptcy case. In a 5-page ...
At a recent investor briefing, PG&E’s CEO Patti Poppe told the audience ... proof the utility is restoring its fiscal health after bankruptcy following the 2017 and 2018 wildfires.
Gilson, Stuart C., and Sarah L. Abbott. "PG&E and the First Climate Change Bankruptcy." Harvard Business School Case 221-057, December 2020. (Revised September 2023.) ...
PG&E filed for bankruptcy this year and has already settled with insurers and local authorities. The agreements should allow the firm to emerge from bankruptcy. PG&E's settlement relates to claims ...
If PG&E follows through on plans to file for bankruptcy before the end of the month, it will be the biggest utility bankruptcy since 2001...which was the first time PG&E filed for bankruptcy.