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Breakingviews TV: PG&E repartee

Tuesday, July 02, 2019 - 05:01

The California utility reckons it can exit Chapter 11 without further hurting its shareholders despite some $30 bln of wildfire liabilities. Creditors think PG&E should issue $18 bln of new stock. The company is in charge for now, but the bankruptcy judge could lose patience.

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The California utility reckons it can exit Chapter 11 without further hurting its shareholders despite some $30 bln of wildfire liabilities. Creditors think PG&E should issue $18 bln of new stock. The company is in charge for now, but the bankruptcy judge could lose patience.

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Breakingviews TV: PG&E repartee

Tuesday, July 02, 2019 - 05:01