Thursday, January 23, 2020

Newsom Says PG&E Has Yet to Address His Restructuring Concerns - Bloomberg

Newsom Says PG&E Has Yet to Address His Restructuring Concerns - Bloomberg: California Governor Gavin Newsom is once again raising objections to PG&E Corp.’s restructuring plan, saying the bankrupt utility giant hasn’t changed a thing to address concerns he raised last month.Since detailing his issues with PG&E’s reorganization plan in a letter Dec. 13, Newsom said his office has been engaged in talks with the utility but said it has “yet to make a single modification” to the proposal to shore up “its many deficiencies.” The plan, as it stands, doesn’t comply wi

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