PG&E Announces Plans to File for Chapter 11
Post Date:01/10/2019 11:00 AM
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The following is an excerpt from an email letter sent from PG&E to the West Sacramento City Council and City Manger's Office:
"Today, PG&E announced that it currently intends to file for reorganization under Chapter 11 on or about January 29. We do not expect any impact to electric or natural gas service for our customers as a result of the Chapter 11 process. Importantly, we are not going out of business. Chapter 11 is a court-supervised proceeding that allows companies to reorganize their finances and resolve liabilities while continuing to operate their businesses."
Please view details about the reorganization on PG&E's web page.