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PG&E Filed for Chapter 11

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pgeToday, January 29, PG&E moved forward with their previously announced plan to file for Chapter 11.  Read their press release here.

To be clear, PG&E is not going out of business.  They expect that this court-supervised process will, among other things:

  • Enable the continued safe and reliable delivery of natural gas and electric service to their customers
  • Allow them to address its liabilities resulting from the 2017 and 2018 Northern California wildfires with minimal disruption to their operations
  • Allow them to work with all of their stakeholders in one court-supervised forum to address their complex concerns and make appropriate changes

If you have questions regarding this process, please visit their dedicated webpage at www.pge.com/reorganization