PG&E's Fate May Rest With One Of Its Sharpest Critics

Law360 (March 23, 2020, 9:23 PM EDT) -- U.S. District Judge William Alsup may be the final hurdle for PG&E Corp. in meeting a June deadline to emerge from bankruptcy and access billions in state funding, but winning a green light from the jurist, who has repeatedly criticized the utility over the years, won't be an easy task.

Since PG&E filed for Chapter 11 protection in January 2019, U.S. Bankruptcy Judge Dennis Montali has largely greenlighted its proposed reorganization plan, which will allow it to issue up to $9 billion in new common stock and take on nearly $11 billion in new debt.

However, Judge Alsup, who is presiding over a...

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