PG&E Corporation

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Case overview

Case Number:

3:19-bk-30088

Court:

California Northern

Nature of Suit:

Firms

Companies

Government Agencies

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August 08, 2019
PG&E Shareholders Outline Possible $15B Rights Issue

Two hedge funds have agreed to buy up to $15 billion worth of newly issued Pacific Gas and Electric Co. stock to support an as-yet unwritten Chapter 11 plan for the bankrupt utility, according to documents filed Thursday with the U.S. Securities and Exchange Commission.
July 24, 2019
PG&E Bondholders Rip CPUC's 'Road To Nowhere' Proposal

The California Public Utilities Commission and Gov. Gavin Newsom can propose a protocol for managing dueling PG&E Chapter 11 reorganization plans, a bankruptcy judge ruled Wednesday over bondholders' objections that the proposal would be "an unprecedented, undocumented road to nowhere" that will stall the bankruptcy proceeding.
July 24, 2019
PG&E Insurers Take Swing At Resolving Utility's Ch. 11

A group of insurers that holds more than $20 billion in claims against Pacific Gas and Electric Co. has unveiled its own plan to bring the nation's largest power utility out of bankruptcy, the "cornerstone" of which involves cutting those claims down to roughly $16 billion and then converting them to equity.
July 09, 2019
PG&E Fights To Keep Ch. 11 Discovery From Regulators

Pacific Gas & Electric Co. urged a California federal judge on Tuesday to issue a protective order limiting the use of evidence produced in its Chapter 11 bankruptcy, but drew objections from state regulators who argued the overly broad proposal would hamstring regulators and whistleblowers.
July 09, 2019
Biggest Energy Decisions So Far In 2019: Midyear Report

Federal and state officials faced skeptical courts over the scope of their authority in the biggest energy-related court decisions in the first half of 2019, from FERC being elbowed out of utility bankruptcy cases and warned to step up its climate change reviews to President Donald Trump's efforts to open up more areas to offshore drilling running aground. Here are some notable energy-related decisions from the first half of 2019.
July 03, 2019
PG&E Creditors Object To D&O Insurance Purchase

The unsecured creditors of PG&E want to zap a bid by the bankrupt power utility to pay $50 million to boost its directors and officers insurance, calling it a waste of money that's premised on an "unlikely parade of horribles" wiping out nearly $500 million in existing coverage.
June 26, 2019
PG&E Wildfire Claims Must Be Filed By Oct. 21, Judge Says

Northern California wildfire victims have until Oct. 21 to file proof of claims against Pacific Gas and Electric Co., a California federal bankruptcy judge ruled Wednesday, over objections from Elizabeth Cabraser of Lieff Cabraser that more time is needed to reach fire victims via targeted online ads and traditional media.
June 25, 2019
PG&E Bondholders Propose $30B Ch. 11 Plan

A group of Pacific Gas and Electric noteholders told a California bankruptcy court Tuesday that the utility has had enough time to present its Chapter 11 plan and that they should be allowed to put forward their own $30 billion proposal to turn the company around.
June 21, 2019
Top Product Liability Cases Of 2019: Midyear Review

So far this year, Monsanto has been hit with over $2 billion in damages over claims that it failed to warn of the cancer risks of its popular Roundup weedkiller. Meanwhile, the Supreme Court has clarified the “clear-evidence” standard for failure-to-warn cases, while Connecticut's top court put a dent in the federal law protecting gunmakers from liability when firearms are used in crimes. Here, Law360 recaps the most significant product liability cases of the first half of 2019.
June 19, 2019
PG&E Wants Bankruptcy Court To Stop Securities Suit

Beleaguered PG&E Corp. has asked the Northern California bankruptcy court to put a stop to a securities suit alleging that company directors misled investors about the utility's wildfire-related liability, saying it should be shielded from the suit while under Chapter 11 protection.

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