California PUC Opens Case to Consider PG&E Bankruptcy Plan

The California Public Utilities Commission opens a proceeding that will consider PG&E’s proposal to exit bankruptcy during a meeting Thursday.

• CPUC will consider rates, other implications of PG&E’s proposed plan to exit Chapter 11
• Commission will consider whether PG&E’s plan is acceptable in light of company’s “safety history”
• “This isn’t an indication that commission approves or disapproves of any proposed plan announced to date,” CPUC President Marybel Batjer says at meeting
• PG&E required to obtain CPUC approval of its reorganization plan in order for it to emerge from bankruptcy by June 30, 2020, and participate in state wildfire insurance fund ...