PG&E settlement with fire victims in question as group pulls support [Seeking Alpha]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Seeking Alpha
EnergyPG&E settlement with fire victims in question as group pulls supportApr. 6, 2020 5:45 PM ET|PG&E Corporation (PCG)Carl SurranLawyers who negotiated the $13.5B settlement for California wildfire victims with PG&E (NYSE:no longer support the dealmajor setbackUnder the settlement, ~80K victims would get $13.5B to cover uninsured losses from the massive 2017-18 fires, but half the payout would come in the form of at least 21% of PG&E's stock, worth $6.75B.The coronavirus pandemic has sunk PG&E's share price by more than 40%, and lawyers for the fire victims say the company has been unwilling to guarantee that victims would not lose any compensation as a result.The fire victims have until May 15 to vote by mail on the PG&E bankruptcy plan, and the lawyers are urging them to hold off on voting until they get assurances from PG&E about the stock component of the payout.An earlier Bloomberg report had indicated the planenjoyed broad supportClick to subscribe to real-time analytics on
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PCG
News
- PG&E Corporation: Lackluster Yield Undermines The CapEx Plan And Data Center Pipeline [Seeking Alpha]Seeking Alpha
- Pacific Gas & Electric (NYSE:PCG) had its "buy" rating reaffirmed by analysts at Cowen Inc.MarketBeat
- Why one tribe has declared the Colorado River a legal person [Los Angeles Times (CA)]Los Angeles Times
- California utilities try AI to combat costly wildfire liabilities [Los Angeles Times (CA)]Los Angeles Times
- What Analysts Say Is Shaping the Changing Story for PG&E [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 10/23/25 - Beat
PCG
Sec Filings
- 11/25/25 - Form 4
- 11/5/25 - Form 4
- 11/3/25 - Form 4
- PCG's page on the SEC website