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AP: PG&E reaches bankruptcy deal with Gov. Newsom

AP: PG&E reaches bankruptcy deal with Gov. Newsom

Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday that removes the last hurdle for the nation’s largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires. PG&E agreed to overhaul its board and...
WSJ: PG&E Strikes Deal With Bondholders

WSJ: PG&E Strikes Deal With Bondholders

PG&E Corp. said Wednesday it has reached a new deal with bondholders that threatened opposition to its strategy for getting out of bankruptcy, but friction continues with California Gov. Gavin Newsom, who has threatened a state takeover of the troubled utility....