Creditors of PG&E, owner of the biggest US power utility, reportedly propose a $35B exit plan

Creditors of PG&E, owner of the biggest US power utility, reportedly propose a $35B exit plan

Creditors of PG&E, including Elliott Management and Pacific Investment Management Co. (Pimco), are proposing a $35 billion plan for the California power utility to emerge from bankruptcy within a year, Bloomberg reported late on Wednesday.
Source: CNBC RSS