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PG&E releases new amended bankruptcy plan

PG&E says their new plan will reflect the billions of dollars worth of settlements.

Posted: Dec 12, 2019 9:07 PM

CALIFORNIA - PG&E says it has filed an amended plan of reorganization with the bankruptcy court and the new plan reflects the over $25 billion worth of settlements waiting to be approved by the court.

Still remaining on track for regulatory approval for the June 2020 deadline, the "company believes its plan is confirmable, satisfies all requirements of Assembly Bill 1054 and complies with the Bankruptcy Code."

The utility company says the plan is the result of "extensive negotiations, treats all victims fairly and protects customers and employees." They also said the plan will enable the company to emerge from bankruptcy.

“We believe our Plan is the best solution for all constituencies, and we look forward to bringing these complex proceedings to their conclusion. In the meantime, we continue to make meaningful changes and additional investments throughout the company to reduce the risk of wildfire and help us continue to deliver safe, reliable energy to our customers,” said CEO and President of PG&E Corporation Bill Johnson.

In a press release, the company said they are "committed to working with all stakeholders to confirm support for the plan".

To see a review of the new plan and more details, see below.

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 333357

Reported Deaths: 7089
CountyConfirmedDeaths
Los Angeles1363573824
Riverside25748550
Orange25255424
San Diego19929422
San Bernardino19502307
Fresno828288
Imperial7977136
Alameda7976148
San Joaquin698870
Kern660198
Santa Clara6542167
Tulare5942152
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Stanislaus497351
Contra Costa485290
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Marin370232
Kings297039
Monterey279018
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Merced188412
Sonoma181916
Placer111411
San Luis Obispo10065
Yolo92928
Madera8938
Santa Cruz5693
Napa5184
Lassen4280
Sutter4034
San Benito3622
Butte3384
El Dorado3070
Shasta2006
Yuba1983
Glenn1760
Humboldt1654
Nevada1631
Mendocino1320
Lake1211
Colusa1130
Tehama1071
Tuolumne730
Calaveras670
Del Norte610
Mono521
Siskiyou410
Amador400
Inyo351
Mariposa321
Plumas190
Alpine20
Trinity20
Sierra10
Unassigned00
Chico
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Hi: 99° Lo: 65°
Feels Like: 79°
Oroville
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Feels Like: 79°
Paradise
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Feels Like: 79°
Chester
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Red Bluff
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Willows
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We're getting hotter as we head into the middle of this week, and the potential for thunderstorms will prompt a Fire Weather Watch in the Sierra on Thursday. Hot & dry conditions continue through your weekend.
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