Bankruptcy Law News

PG&E Enlists Weil Gotshal & Manges in Bankruptcy Filing

Jan. 14, 2019, 3:37 PM

California natural gas and electric company Pacific Gas & Electrichas engaged Weil Gotshal & Manges LLP in advance of an upcoming Chapter 11 bankruptcy filing, PG&E said.

Cravath Swain & Moore LLP will also be advising the utility, particularly in corporate matters and over debtor in possession, or DIP, financing the company will require to continue operating while in bankruptcy, Cravath said in a Jan. 14 statement.

Weil Gotshal has represented the debtors in five the six largest bankruptcies in U.S. history, including Lehman Brothers, General Motors, American Airlines and Enron, according to the law firm. It currently represents Sears and Westinghouse Electric Co., a Pennsylvania nuclear power company.

PG&E is also being assisted by Lazard as its investment partner and AlixPartners as restructuring advisor, PG&E said in its statement.

To contact the reporter on this story: Daniel Gill in Washington at dgill@bloomberglaw.com

To contact the editor responsible for this story: Seth Stern at sstern@bloomberglaw.com

To read more articles log in. To learn more about a subscription click here.