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Wildfire Recovery Now

@CAFireRecovery

PG&E shareholders supporting Wildfire Victim Recovery Bonds - the quickest way to pay wildfire victims - at no cost to PG&E customers.

 California, USA
wildfirerecoverynow.com/
Joined August 2019
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nytimes.com/2020/05/28/busin…

California Regulators Back PG&E Bankruptcy Plan (Published 2020)

The vote increases the likelihood that the utility will resolve its case by a June 30 deadline and get future liability protection from the state.

nytimes.com
barrons.com/articles/bankrup…

Bankruptcy Judge Won’t Back a New Challenge by PG&E Wildfire-Victims Committee

The judge overseeing PG&E’s bankruptcy won’t approve a committee’s letter asking wildfire victims to wait to vote on the utility’s reorganization plan.

barrons.com
anewscafe.com/2020/03/13/red…
Wildfire Recovery Now retweeted
Mark Chediak (@markchediak) profile picture
Mark Chediak@markchediak21 Mar 2020
Biggest Utility Bankruptcy in U.S. History Is Nearing an End as PG&E Strikes a Deal with California Gov. Newsom $PCG bloomberg.com/news/articles/…

Biggest Utility Bankruptcy in U.S. History Is Nearing an End

The biggest utility bankruptcy in U.S. history appears to be drawing to a close after PG&E Corp. reached a deal with California Governor Gavin Newsom over the company’s restructuring plan.

bloomberg.com
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apnews.com/60b32314f6759ba12…
PG&E reaches bankruptcy deal with California governor

PG&E reaches bankruptcy deal with California governor

California Gov. Gavin Newsom and Pacific Gas & Electric have reached a deal for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.

apnews.com
business.financialpost.com/p…
utilitydive.com/news/pge-ban…

PG&E bankruptcy financing proposal approved amid concerns of coronavirus economic impact

U.S. Bankruptcy Judge Dennis Montali approved the company's proposed backstops, which include $9 billion in equity and $10.8 billion in debt.

utilitydive.com
wsj.com/articles/citing-mark…

Citing Market Turmoil, Newsom Drops Challenge to PG&E Financing

California Gov. Gavin Newsom has agreed to drop his objections to a $20 billion financing package to lift PG&E Corp. out of bankruptcy, responding to concerns about how California’s largest utility...

wsj.com
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pressdemocrat.com/news/10755…
calmatters.org/commentary/be…

Bernie Sanders’ $100 billion take-over of PG&E will make California’s electricity problem worse

The leading Democratic contender failed to consult workers before calling for take over of PG&E. The union representing those workers opposes a takeover.

calmatters.org
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Op-ed in @CalMatters from @LloydLevine calmatters.org/commentary/el…

California’s true energy crisis: What to do about the electricity grid

California's frayed power lines are the state's true energy crisis, not who controls PG&E when it emerges from bankruptcy.

calmatters.org
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bloomberg.com/news/articles/…

PG&E Union Warns Bernie Sanders Against ‘Bird-Brained’ State Takeover

PG&E Corp.’s biggest union is pushing back against Bernie Sanders’ criticism of the embattled California power company, claiming the senator and presidential candidate supports a $100 billion state...

bloomberg.com
mercurynews.com/2020/02/09/o…

Opinion: California can’t buy PG&E and harden the grid

Turning a publicly traded, regulated utility into a government-run utility will add significant costs to customers’ bills.

mercurynews.com
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Local 1245 of the International Brotherhood of Electrical Workers, which represents 12,000 PG&E employees, said this week that it opposed a state takeover. nytimes.com/2020/02/07/busin…

PG&E Has a Survival Plan, and Newsom Has Plan B: A Takeover (Published 2020)

California’s governor, Gavin Newsom, is threatening to assume control of the utility if its restructuring in bankruptcy doesn’t meet his demands. Does he mean it?

nytimes.com
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Wildfire Recovery Now retweeted
Doug Sovern (@SovernNation) profile picture
Doug Sovern@SovernNation3 Feb 2020
Angry protesters denounce @Scott_Wiener’s plan to take public control of @PGE4Me. They are from @IBEW Local 1245 and work for PG&E.
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kcra.com/article/san-francis…

PG&E pledges to shake up board in bid to placate California

Pacific Gas and Electric is pledging to overhaul its board of directors in an attempt to avoid a potential takeover attempt by the state of California and prove the nation's largest utility is...

kcra.com
barrons.com/articles/pg-e-ma…

PG&E Made a Deal With Bondholders: The Details, and Why California’s Governor Wants Changes

A group of bondholders has reached an agreement with the California utility to settle their claims, bringing an end to their monthslong battle against PG&E and its shareholders.

barrons.com
barrons.com/articles/pg-e-st…

PG&E Stock Gets Another Upgrade as Wildfire Costs Look Manageable

PG&E was upgraded to Buy from Neutral by Mizuho analyst Paul Fremont on Tuesday, two weeks after a Citigroup analyst upgraded the stock.

barrons.com
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"@GavinNewsom will have to balance the victims’ immediate needs with the state’s long-term need for more serious changes in fire safety and electricity provision. It won’t be an easy balance" sfchronicle.com/opinion/edit…

Editorial: Gov. Gavin Newsom rejects PG&E’s bankruptcy plan — again

Gov. Gavin Newsom has rejected PG&E’s latest plan to get out of bankruptcy. But how long will there be a political consensus that the utility has to change for good?

sfchronicle.com
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"@PGE4Me said its creditors, led by Elliott Management and Pacific Investment Management Co, would drop their reorganization plan and support PG&E’s proposal" reuters.com/article/us-pg-e-…

PG&E strikes deal with creditors over restructuring

Bankrupt California power producer PG&E Corp said on Wednesday it had reached a deal on its restructuring with creditors, who were pushing for a rival plan.

reuters.com
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