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

Sectors & Industries:

January 15, 2020
PG&E Asks Court To Reject Challenge To $24B Settlements

PG&E has asked a California bankruptcy judge to reject a bondholder group's challenge to more than $24 billion in settlements for damages caused by California's 2017 and 2018 wildfires, saying the bondholders have no new arguments or evidence.
January 02, 2020
9th Circ. Law Backs PG&E In $500M Bond Fight, Judge Says

A California federal judge has found he is bound by Ninth Circuit precedent in setting the interest rate for claims by Pacific Gas & Electric noteholders, siding with the utility in a dispute over more than $500 million in potential interest payments.
January 01, 2020
California Cases To Watch In 2020

The Golden State isn't lacking for high-stakes court battles in 2020, with legal experts keeping a close eye on litigation surrounding California's bankrupt utility, high-profile criminal trials against ex-Theranos executives, bellwether injury cases targeting Bayer AG and a trailblazing pay equity class action brought by the U.S. Women's Soccer Team.
December 20, 2019
PG&E Customer Files $2.5B Class Complaint Over Outages

A customer of bankrupt utility provider Pacific Gas & Electric Corp. filed a proposed class action late Thursday in the company's Chapter 11 case seeking more than $2.5 billion in damages related to planned power outages enacted by PG&E in the fall of 2019.
December 17, 2019
$13.5B PG&E Deal With Wildfire Victims Wins Bankruptcy OK

Pacific Gas and Electric Co. made big strides Tuesday toward resolving its bankruptcy, with a federal bankruptcy judge approving its $13.5 billion settlement with wildfire victims on the same day it announced a $1.68 billion settlement with the California Public Utilities Commission.
December 11, 2019
PG&E Judge Weighs His 'Chutzpah' In $500M Interest Debate

A California bankruptcy judge told PG&E noteholders and unsecured creditors Wednesday he's "well aware" of the $500 million difference between their proposed interest rates and the interest rate PG&E wants added to any recovery on their claims, but questioned whether he has the "chutzpah" to ignore controlling Ninth Circuit precedent.
December 07, 2019
PG&E Strikes $13.5B Deal With Wildfire Victims

Pacific Gas & Electric Co. said late Friday it brokered a $13.5 billion settlement with victims of wildfires that scorched northern California in 2017 and 2018, taking a major step toward emerging from a bankruptcy fueled by massive fire liabilities.
December 04, 2019
PG&E Judge Worries Victims May Wait 10 Years On Payouts

The U.S. bankruptcy judge overseeing Pacific Gas and Electric Co.'s Chapter 11 reorganization plan expressed concern Wednesday that the utility's proposed $11 billion deal with insurers could take a decade or more to make Northern California wildfire victims whole, telling attorneys that "sounds like a bad option."
December 04, 2019
PG&E Claimants Say Insurer Releases Barred By 9th Circ.

Tort claimants of Pacific Gas and Electric Co. are objecting to a proposed settlement in the company's Chapter 11 case in California bankruptcy court, saying provisions that would release claims between fire victims and their insurers violate Ninth Circuit precedent.
November 19, 2019
PG&E Says Private Ownership Saves It From Wildfire Liability

Facing billions of dollars in wildfire liability, Pacific Gas & Electric Corp. urged a U.S. bankruptcy judge in San Francisco on Tuesday to find that it's not on the hook under the state's inverse condemnation doctrine because it's investor-owned rather than a public entity.

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