After months of speculation, it is now official: PG&E (both the parent, PG&E Corporation, and its subsidiary, Pacific Gas & Electric Company), having faced extraordinary challenges relating to catastrophic wildfires in 2017 and 2018, expects to file for reorganization under Chapter 11 of the US Bankruptcy Code on or about January 29, 2019. This Legal Update discusses how the filing may affect the renewable energy power purchase agreements (PPAs) that PG&E signed.
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