PG&E Corporation (Holdco) and its subsidiary, Pacific Gas & Electric Company (the Utility and together with Holdco, PG&E) announced on Jan. 13, 2019 that it expects to file for Chapter 11 bankruptcy protection on or around Jan. 29, 2019, right around the conclusion of a mandatory 15-day notice requirement under California law.
The How, What and Why of a Potential PG&E Bankruptcy
PG&E Corporation and its subsidiary, Pacific Gas & Electric Company announced that it expects to file for Chapter 11 bankruptcy protection on or around Jan. 29, 2019, right around the conclusion of a mandatory 15-day notice requirement under California law. Such a filing would represent the second time PG&E resorted to protection under the U.S. Bankruptcy Code.
By
John J. Rapisardi and Daniel Shamah
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