PG&E Noteholders, California Wildfire Victims File Formal Reorganization Plan October 18, 2019 By Jim Christie Noteholders of PG&E Corp. and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed...
Safety Board Report Says Ruptured Pipe Elbow Led to Philadelphia Refinery Fire October 17, 2019 By Elizabeth Blosfield A ruptured section of metal piping installed more than 40 years ago led to an uncontrolled release of hazardous materials...
Court Says PG&E Has Sole Right to Submit Bankruptcy Plan August 19, 2019 By Nivedita Balu A federal judge has allowed PG&E Corp. to retain the sole rights to propose a plan to exit bankruptcy, as...
PES Up Against the Clock to Sell Philadelphia Refinery in Cash Crunch August 19, 2019 By Laila Kearney Finding a buyer for Philadelphia Energy Solutions’ oil refinery has grown urgent as the bankrupt company’s funds dwindle and no...
Bank Drops Objection to Financing Request by Bankrupt Philadelphia Energy Solutions July 26, 2019 By Laila Kearney A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc’s initial bankruptcy requests after the two sides struck...
Fire Forces Philadelphia Energy Solutions to File for Bankruptcy Again July 22, 2019 By Akshay Balan Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court...
Bondholders Propose Bankruptcy Exit Plan Up to $30B for PG&E June 26, 2019 By Jonathan Stempel A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up...
AM Best Says Specialty Insurer Exposures to PG&E Bankruptcy Within Risk Appetites February 1, 2019 Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy...
PG&E in California Vows to Keep The Lights on Despite Bankruptcy February 1, 2019 By Subrat Patnaik Utility owner PG&E Corp. filed for bankruptcy protection on Tuesday in anticipation of liabilities from California wildfires, including a catastrophic...
PG&E in California Files for Bankruptcy in Wake of Wildfire Liabilities January 29, 2019 By Subrat Patnaik Power provider PG&E Corp. filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in...