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PG&E's bankruptcy plan strides toward approval in California

PG&E Truck
Posted at 5:40 PM, Apr 20, 2020
and last updated 2020-04-20 20:40:02-04

California regulators are being advised to approve Pacific Gas & Electric’s plan for getting out of bankruptcy with a set of new controls.

The controls are designed to prevent a recurrence of the utility’s past bad behavior that has led to deadly wildfires, infuriating blackouts and high electricity rates. A proposed decision issued Monday by a judge would enable PG&E to clear another key hurdle in its frantic race to end one of the most complex bankruptcy cases in U.S. history.

The California Public Utilities Commission will vote on the recommendations laid out in the judge's 117-page decision on May 21.