Items Tagged with 'bankruptcy'

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California Governor, PG&E Agree on Bankruptcy Exit Plan

California Gov. Gavin Newsom and bankruptcy bound Pacific Gas and Electric Co. (PG&E) and its parent company have informed a federal court in San Francisco of their joint support for a revised plan of reorganization for the combination utility’s exit from Chapter 11. The agreement includes PG&E’s acceptance of a state takeover if it fails to get timely court and state approvals.

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