Bankruptcy Only ‘Viable’ Option for PG&E, Lawyer says
February 1, 2019
By Robert Mullin
A lawyer for PG&E said the utility did file for bankruptcy to ensure it is able to compensate the victims of wildfires that ravaged Northern California in 2017 and 2018. | Commercial Law League of America
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PG&E confirmed in court papers that it hopes to rescind costly power purchase agreements during a bankruptcy process that kicked off with a midnight Chapter 11 filing. | U.S. Bankruptcy Court - Northern District of California