Supplies used by contractors to clear trees away from Pacific Gas & Electric Co. (PG&E) power lines stand on a job site in Nevada City, California, U.S., on Wednesday, June 12, 2019. (Photo: David Paul Morris/Bloomberg)
Money talks, but the big question for PG&E Corp. is how closely the bankruptcy judge is listening.
The battle for the future of the wildfire-prone California utility intensified last week with a fusillade of court filings. To recap, PG&E has an exclusive period until late September to file a proposal to get out of chapter 11. Late last month, though, a group of unsecured bondholders led by Elliott Management Corp., Pacific Investment Management Co., and Davidson Kempner Capital Management called on Judge Dennis Montali to end PG&E's exclusivity and let the committee begin open negotiations for a plan of its own. Consumer and labor groups, among others, also called for the judge to end exclusivity. Now PG&E has filed its rebuttal, asking the judge to deny the motion.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
