SAN FRANCISCO (AP) - Pacific Gas and Electric's plan to emerge from bankruptcy is facing another threat from California' Gov. Gavin Newsom as they two sides head toward a potentially dramatic showdown.
Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali on Tuesday that they want to grill PG&E about the company's plans to borrow billions of dollars and sell more stock to help pay the $13.5 billion owed to more than 75,000 victims of catastrophic wildfire's ignited by the utility's equipment.
The judge reaffirmed the terms of the settlement Tuesday.
PG&E also needs to raise money to cover a $12 billion bill owed to insurers and government agencies.