PG&E Bankruptcy

 

 


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

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

The CPUC, in coordination with the Governor's office and other agencies, has closely monitored the developments and responded as appropriate. The CPUC always takes care to ensure that all utilities can provide all customers electric and natural gas service.

Bankruptcy Court information is available here.

Both the Bankruptcy Court for the Northern District of California and the CPUC are now considering whether to approve PG&E’s Chapter 11 Plan of Reorganization Filed on January 31, 2020.

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.

 

Schedule and Documents

 



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