PG&E Bankruptcy

 

 


On this webpage you will find information about Pacific Gas and Electric Company's (PG&E) Chapter 11 bankruptcy process.

 

Updates

On April 20, 2020, the CPUC issued for public comment a proposal that would approve with conditions PG&E’s proposed reorganization plan pursuant to the requirements of Assembly Bill 1054 and under the CPUC’s regular authority. The proposal will be on the CPUC’s May 28, 2020 Voting Meeting agenda.

On Friday, May 15, 2020 at 10 a.m., the CPUC held a virtual Ratesetting Deliberative Meeting (RDM) on I.19-09-016: Reorganization Plan of Pacific Gas and Electric Company. Per Rule 8.2(c)(4), please note that both oral and written ex parte communications are prohibited on Agenda ID Number 18340 beginning the day of the RDM (5/15/20) through the conclusion of the CPUC Business Meeting (5/21/20), at which a vote on the Proposed Decision was scheduled. The May 21, 2020 Voting Meeting agenda is here

May 20, 2020: Administrative Law Judge Email Ruling to Service List in PG&E Bankruptcy Proceeding (I.19-09-016) re: Prohibited Ex Parte Communication (Abrams)  

May 21, 2020: Default Ex Parte Quiet Time Period for PG&E Bankruptcy Proceeding I.19-09-16 – May 22, 2020 - May 28, 2020

May 22, 2020: CPUC Considers Adding Item to May 28, 2020 Voting Meeting (CPUC Press Release) 

May 28, 2020: CPUC Approves PG&E’s Reorganization Plan, Requiring Governance and Oversight Changes (CPUC Press Release)

 

Background

On Jan. 29, 2019, PG&E filed for Chapter 11 bankruptcy.

On Sept. 26, 2019, the CPUC opened a formal proceeding to consider the ratemaking and other implications of proposed plan of reorganization for resolution of the voluntary case filed by PG&E. The CPUC’s role as a regulator is to ensure PG&E’s responsibilities are being discharged so that its customers receive safe and reliable service at reasonable rates consistent with achieving California’s climate goals. The CPUC will consider the impacts on ratepayers of PG&E’s proposed plan. The CPUC must also make other findings, pursuant to Assembly Bill 1054 passed in July 2019, in order to ensure that PG&E’s proposed plan and other documents resolving PG&E’s insolvency proceedings meet California’s climate goals, are neutral on average to ratepayers, and that the resulting governance structure of the reorganized utility are acceptable in light of PG&E’s safety history criminal probation, and recent financial condition. 

PG&E served testimony on Jan. 31, 2020 in support of its Plan.

On Feb. 18, 2020, the CPUC issued President Batjer's statement on PG&E's proposed bankruptcy plan and ruling setting forth additional proposals on which the Commissioner seeks to ensure development of a robust record. Evidentiary hearings begin on Feb. 25, 2020.

Bankruptcy Court information is available here.

 

Schedule and Documents

 



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