PG&E Inks Deal With Governor, Opening Path Out of Bankruptcy – March 2020
Governor Newsom reached a deal with PG&E on its reorganization, which could include a state takeover if the utility does not emerge from bankruptcy on schedule. Energywire spoke with Andrew Campbell, Energy Institute Executive Director, about the significance of the agreement.
“‘If PG&E remains investor-owned, the plan may improve the battered faith and confidence of state leadership and regulators in the utility, which is critical to its management of continuing wildfire threats and accelerating clean energy investments, said Campbell of UC Berkeley…The silver lining is that the clean energy goals have never been brought into question by the wildfire challenges and bankruptcy process,'” he said.
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