PG&E's lenders offer billions, new name to rebrand utility
https://www.ksbw.com/article/pgandes-lenders-offer-billions-new-name-to-rebrand-utility/28186519
The Sacramento Bee reports the proposal filed Tuesday in U.S. Bankruptcy Court would set aside up to $18 billion of the $30 billion to pay claims on the 2017 and 2018 wildfires caused by PG&E equipment.
Advertisement
The plan offered by PG&E's leading bondholders would compete with an alternative that the newspaper says is being drafted by PG&E.
The bondholders also want to rebrand PG&E as Golden State Power Light & Gas Company.