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PCG

PG&E

$11.75 /

-0.38 (-3.13%)

05:14
12/13/19
12/13
05:14
12/13/19
05:14

PG&E files amended plan of reorganization

PG&E Corporation and Pacific Gas and Electric Company filed an amended Plan of Reorganization with the Bankruptcy Court in its Chapter 11 cases. The Plan reflects PG&E's settlements with all major groups of wildfire claimants and keeps PG&E on track to achieve regulatory approval and Bankruptcy Court confirmation in advance of the June 30, 2020, statutory deadline for participation in the state's new wildfire fund. The company believes its Plan is confirmable, satisfies all requirements of Assembly Bill 1054 and complies with the Bankruptcy Code. It is the product of extensive negotiations, treats all victims fairly, protects customers and employees, and will enable PG&E to emerge from Chapter 11 as a financially sound utility positioned to serve California for the long term. The company is committed to working with all stakeholders to confirm support for the Plan, to obtaining regulatory approval from the California Public Utilities Commission consistent with AB 1054, and to achieving confirmation of the Plan by the Bankruptcy Court in advance of June 30, 2020.

  • 07

    Jan

PCG PG&E
$11.75 /

-0.38 (-3.13%)

10/28/19 WOLF
Clearway Energy downgraded to Peer Perform on PG&E risk at Wolfe Research
11/12/19 SBSH
PG&E may offer both cash and stock to to TCC, says Citi
11/19/19 SBSH
PG&E filing shows reduced financing commitment, says Citi
12/11/19 SBSH
Citi boosts PG&E target to $10.50, says no chance of zero stock price now

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On The Fly
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Options
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Earnings
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Earnings
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Earnings
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$24.46 /

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Earnings
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$9.89 /

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Sees FY20 net loss…

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Earnings
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$24.46 /

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Sees Q1 revenue $1.03B,…

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Earnings
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Northeast Bancorp

$20.00 /

-0.43 (-2.10%)

Reports Q2 book value per…

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