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Author: David Sheinfeld

PG&E, Chapter 11 & the Public Beneficiary Trust

Posted on November 12, 2019November 12, 2019 by David Sheinfeld

On January 29, 2019, investor-owned Pacific Gas & Electric Company (“PG&E”) declared bankruptcy, filing a Chapter 11 reorganization petition in the United States Bankruptcy Court for the Northern District of California.1 This is PG&E’s second bankruptcy petition in as many decades, as the utility also filed for Chapter 11 bankruptcy in 2001.2 For proponents of…

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