On January 29, 2019, PG&E Corporation ("PG&E Corp.") and its primary operating subsidiary, Pacific Gas and Electric Company (the "Utility"; together with PG&E Corp., "PG&E" or the "Debtors"), filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the Northern District of California.
Throughout the Chapter 11 process, PG&E remains committed to:
- Delivering safe and reliable electric and natural gas service to customers;
- Continuing to make critical investments in system safety and maintenance;
- Supporting the orderly, fair and expeditious resolution of its liabilities resulting from the 2017 and 2018 wildfires;
- Working with customers, civic leaders, regulators, policymakers and other key stakeholders to consider alternatives to provide for the safe delivery of natural gas and electricity and new safety solutions in an environment challenged by climate change; and
- Assisting our customers and communities impacted by wildfires in Northern California. PG&E’s restoration and rebuilding efforts will continue.
PG&E’s cases have been assigned to Judge Dennis Montali and are jointly administered under Case No. 19-30088. The Docket can be accessed by clicking on "Docket" above or through the website maintained by the U.S. Bankruptcy Court for the Northern District of California.
For additional information about the reorganization process, including press releases and FAQs, please visit www.pge.com/reorganization.
Important Information & Dates
Hearing on First Day Motions
At a status conference held on January 29, 2019, the Bankruptcy Court scheduled a hearing on the Debtors' First Day Motions that was held on Thursday, January 31, 2019. A final hearing on certain of the First Day Motions will be held on February 27, 2019 at 9:30 a.m. (PT) before the Honorable Dennis Montali, United States Bankruptcy Court for the Northern District of California (San Francisco Division), 450 Golden Gate Ave., 16th Floor, Courtroom 17, San Francisco, CA 94102.
Please click below to view and download the Debtors' First Day Motions and Orders:
Important Information Regarding Restrictions on Certain Transfers of Stock of, and Claims Against, the Debtors
By order dated January 31, 2019 (the “Interim NOL Order”), the Court approved, on an interim basis, certain restrictions and procedures applicable to transfers of stock of, and claims against the Debtors requested in the Debtors’ Motion for Interim and Final Orders Establishing Notification Procedures and Approving Restrictions On Certain Transfers of Stock of, and Claims Against, the Debtors (the “NOL Motion”). The purpose of the relief requested in the NOL Motion is to protect the potential value of the Debtors’ net operating tax loss carryforward and certain other tax attributes. A final hearing to consider the relief requested in the NOL Motion will be held on February 27, 2019 at 9:30 a.m. (PT).
Please click below to view and download the NOL Motion, the Interim NOL Order, and the Procedures and Notices approved in the Interim NOL Order:
NOL Motion [Docket Number 10]
Interim NOL Order [Docket Number 212]
Exhibit 1 to the Interim NOL Order (Approved Procedures)
Exhibit 2 to the Interim NOL Order (Notice of Substantial Stock Ownership)
Exhibit 3 to the Interim NOL Order (Notice of Intent to Purchase, Acquire, or Otherwise Accumulate PG&E Stock)
Section 341 Meeting of Creditors
In accordance with Section 341 of the Bankruptcy Code, a meeting of the Debtors' creditors is scheduled to take place on Monday March 4, 2019 at 10:00 a.m. at the Phillip Burton Federal Building and U.S. Courthouse, 450 Golden Gate Avenue, 2nd Floor, California Conference Room, San Francisco, CA 94102. The meeting may be continued or adjourned to a later date. If so, this website will be updated to reflect the later date.
The debtors’ representative must attend the meeting to be questioned under oath. Creditors may attend, but are not required to do so.
The court has reserved 9:30 a.m. and 1:30 p.m. on the following dates as available for hearings on matters requiring a hearing. Dates will be added to the below calendar as matters are scheduled to be heard.
February 12, 2019
February 13, 2019
February 26, 2019
February 27, 2019
March 12, 2019
March 13, 2019
March 26, 2019
March 27, 2019
April 9, 2019
April 10, 2019
April 23, 2019
April 24, 2019
Final Hearing on Certain...
First Day Hearing
Hearing on First Day Motion to Pay Prepetition Wages
Hearing on Motion to Intervene In Adversary Proceeding
Final Hearing on Certain First Day Motions
Meeting of Creditors
Scheduling Conference re Summons Issued on Federal Energy Regulatory Commission
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153-0119
Keller & Benvenutti LLP
650 California Street, Suite 1900
San Francisco, CA 94108
Tobias S. Keller
United States Trustee and Court Information
Office of The United States Trustee
450 Golden Gate Avenue, 5th Floor
San Francisco, CA 94102
James L. Snyder
United States Bankruptcy Court
Northern District of California-San Francisco Div.
450 Golden Gate Avenue, 18th Floor
San Francisco, CA 94102
|19-30088||PG&E Corporation||January 29, 2019|
|19-30089||Pacific Gas and Electric Company||January 29, 2019|