PG&E bondholders, wildfire victims submit $29 bln alternative bankruptcy proposal

Published 19:27 on October 18, 2019  /  Last updated at 19:27 on October 18, 2019  /  Americas, Canada, US  /  No Comments

Competitors' bankruptcy proposal for Pacific Gas & Electric (PG&E) would funnel nearly $29 billion through two stock offerings to help cover the embattled California utility’s wildfire liabilities, according to a filing by bondholders and fire victims on Thursday.

Competitors’ bankruptcy proposal for Pacific Gas & Electric (PG&E) would funnel nearly $29 billion through two stock offerings to help cover the embattled California utility’s wildfire liabilities, according to a filing by bondholders and fire victims on Thursday.

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