In re: PG&E Corporation

I. BACKGROUND

A. PG&E’s Bankruptcy And Chapter 11 Plan

19 On January 29, 2019, PG&E Corporation and Pacific Gas and Electric Company, as 20 debtors and reorganized debtors (together, the “Debtors” or “PG&E”), commenced voluntary 21 cases for relief under chapter 11 of title 11 of the United States Code (“Bankruptcy Code”) in the 22 United States Bankruptcy Court for the Northern District of California (“Bankruptcy Court”). 23 Significantly, the Debtors needed to propose a plan of reorganization that satisfied the 24 requirements of A.B. 1054. In light of the “increased risk of catastrophic wildfires,” A.B. 1054 25 26 1 “BR Dkt. No.” references are to the Bankruptcy Court’s docket, Case No. 19-30088 (DM) 27 (Bankr. N.D. Cal.). “Dkt. No.” references are to the Court’s docket. created the “Go-Forward Wildfire Fund” as a multi-billion dollar safety-net to compensate future victims of public utility fires by “reduc[ing] the costs to ratepayers in addressing utility-caused catastrophic wildfires,” supporting “the credit worthiness of electrical corporations,” like the Debtors, and providing “a mechanism to attract capital for investment in safe, clean, and…