California power producer PG&E files amended reorganization plan

12 Dec by Vitaliy Dadalyan

California power producer PG&E files amended reorganization plan

California power producer PG&E files amended reorganization planThe development comes less than a week after the company said it reached a $13.5 billion settlement with victims of some of the most devastating wildfires in California’s modern history. PG&E has settled all major wildfire claims and resolved disputed release provisions between insurance companies and wildfire victims, it said on Thursday. The company also said its plan can be fully funded through its capital structure, including the $12 billion equity backstop commitments that PG&E received last week.