PG&E says bankruptcy court approves its Chapter 11 reorganization plan

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG5J0ME_L.jpg

The court’s approval follows the confirmation of the plan by power regulator California Public Utilities Commission in May.

“Today’s ruling in the Chapter 11 proceeding concludes the process of approving PG&E’s Plan of Reorganization”, the San Francisco-based utility’s Chief Executive Officer and President Bill Johnson said in a statement on Saturday.