1. PG&E Faces a Sprint to Fix Restructuring After Governor’s Rebuke

    PG&E Faces a Sprint to Fix Restructuring After Governor’s Rebuke

    (Bloomberg) -- California Governor Gavin Newsom has long called for PG&E Corp. to emerge from its bankruptcy radically transformed. Now, the beleaguered utility has to race to meet his demands -- or else see its restructuring plan blow up. The state’s largest power company has until Tuesday to address conditions that Newsom laid out in a letter late last week rejecting its reorganization proposal...

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    1. His list of demands might be hard for the company to accept, putting the whole Chapter 11 timeline in jeopardy.
    2. We've welcomed feedback from all stakeholders throughout these proceedings and will continue to work diligently in the coming days to resolve any issues that may arise.
    3. After the company exits bankruptcy, Newsom really needs it to succeed.
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