UPDATE 1-PG&E bondholders propose competing bankruptcy plan worth up to $30 billion
A committee of bondholders of PG&E
Corp’s utility unit on Tuesday proposed filing a
bankruptcy reorganization plan that would inject up to $30
billion, primarily equity, to help the California power provider
emerge from Chapter 11 and address its liability from wildfires.
Corp’s utility unit on Tuesday proposed filing a
bankruptcy reorganization plan that would inject up to $30
billion, primarily equity, to help the California power provider
emerge from Chapter 11 and address its liability from wildfires.
Posted by Reuters
