PG&E Rescue Plan Backed by Baupost, Soros, Fidelity, Paulson

About two dozen investors have agreed to backstop a $14 billion infusion that involves selling new shares to help the California utility pay off wildfire claims and exit bankruptcy.

• Investors and the amounts they have committed include: Baupost Value Partners and other Baupost affiliates, $590m; Soros Fund Management, $711.8m; Fidelity Puritan Trust, $453.3m, Paulson & Co., $437m; ValueAct Capital Management, $135m
• Other Fidelity-related funds have committed funds as well
  • Click here for the full list
• The so-called backstop agreements allows the investors to pull out under some circumstances, including if wildfire claims rise too high
• NOTE: ...