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July 3, 2024

Chapter 11 bankruptcy

Judge OKs PG&E Deals with Fire Victims, Insurers
PG&E scored major wins in its effort to emerge from Chapter 11 bankruptcy with its shareholders still in control of the utility.
Fight Escalates over PG&E Settlement with Insurers
Wildfire victims and California Gov. Gavin Newsom challenged PG&E’s proposed $11 billion settlement with insurance companies that are seeking reimbursement.
FirstEnergy Reorganization OK’d After Labor Settlement
A judge approved FirstEnergy Solutions’ reorganization plan after the company reached a settlement to preserve union contracts at two nuclear plants.
Judge to Hear PG&E Takeover Plan
The judge overseeing the PG&E (NYSE:PCG) bankruptcy will consider 2 reorganization plans: one from the company and one by bondholders and wildfire victims.
Labor Dispute Stalls FirstEnergy Reorganization
A U.S. bankruptcy judge stalled FirstEnergy Solutions’ reorganization plan over unresolved contract disputes at its Perry and Beaver Valley nuclear plants.
PG&E’s Bondholders Push $30 Billion Investment Plan
A lawyer who filed a $30 billion plan by bondholders to bump PG&E (NYSE:PCG) out of bankruptcy urged the utility and the bankruptcy court to keep moving.
Judge Urges Appeals Court to Decide PG&E v. FERC
Bankruptcy Court Judge Dennis Montali certified his decision rejecting FERC's authority over PG&E's wholesale PPAs for direct appeal to the 9th Circuit.
‘FERC must be Stopped,’ PG&E Bankruptcy Judge Says
The federal judge overseeing PG&E’s bankruptcy case ruled that he retains sole oversight of PPAs the utility has said it may seek to reject.
PGE Gets More Time to File Bankruptcy Plan
The federal judge overseeing PG&E Corp.’s bankruptcy case gave the company four more months to come up with a Chapter 11 reorganization plan.
PGE Probed by Plaintiffs’ Lawyers, SEC
PG&E Corp. came under criticism from a federal judge, who ordered its new CEO and board members to view the scene of the devastating Camp Fire.

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