PG&E must come up with new bankruptcy ammendment

Gov. Gavin Newsom has rejected a bankruptcy reorganization plan that Pacific Gas and Electric reached just last week with thousands of wildfire victims, including a $13.5 billion settlement.

Posted: Dec 13, 2019 8:23 PM
Updated: Dec 14, 2019 9:02 AM

SAN FRANCISCO -  Gov. Gavin Newsom has rejected a bankruptcy reorganization plan that Pacific Gas and Electric reached just last week with thousands of wildfire victims, including a $13.5 billion settlement.

Newsom says in a five-page letter to PG&E CEO William D. Johnson that the plan's most important elements should be providing safe and reliable power to its customers. He says the proposed plan does not achieve that.

People lost homes, businesses and family members in a series of devastating fires blamed on the utility's negligence and outdated infrastructure.

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