PG&E Corporation Announces Final Voting Results on Plan of Reorganization
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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US:NYSE Investor Relations:
finance.yahoo.com/quote/pg
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Source: Business Wire
Voting Wildfire Victims Overwhelmingly Support PG&E’s PlanConfirmation Hearing Scheduled to Begin May 27, 2020 in Bankruptcy Court SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation announced today the final voting results on PG&E Corporation and Pacific Gas and Electric Company’s joint Chapter 11 Plan of Reorganization (the “Plan”) as certified by Prime Clerk, PG&E’s court-authorized solicitation and balloting agent. The Plan received overwhelming support from all but one of the classes of impaired creditors and interest holders entitled to vote, including fire claimants, insurance subrogation claimants, public entity fire claimants, certain holders of prepetition funded debt and other creditors, and shareholders.The final voting results were filed with the U.S. Bankruptcy Court for the Northern District of California on May 22, 2020.The voting certification reflects that the Plan was accepted by in excess of 85 percent in both number and amount of wildfire victims who cast votes on
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