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California Governor Threatens to Block PG&E Bankruptcy Exit

Democrat Gavin Newsom says changes needed before he will sign off on embattled utility’s proposed plan to exit chapter 11 California Gov. Gavin Newsom is demanding changes to PG&E Corp.’s plan to pay wildfire victims and exit bankruptcy, saying the company’s current proposal “falls woefully short” of a law outlining requirements that would allow the utility to receive state assistance...

Mentions: bankruptcy Chapter 11 AMP