May 16, 2019 / 10:34 PM / 11 days ago

Unsecured creditors oppose PG&E housing fund for wildfire victims

The committee for unsecured creditors of PG&E Corp has come out against a motion by the power provider seeking court approval to set up a $105 million fund to help house victims of wildfires that triggered its second bankruptcy.

The committee in a filing in U.S. Bankruptcy Court in San Francisco on Wednesday said PG&E’s proposed fund while “laudable in concept, is flawed in construction.”

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