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A PG&E bankruptcy timeline: The road to Chapter 11 and beyond

Pacific Gas & Electric (PG&E) is in the midst of its second bankruptcy. While the first proceeding in 2001 stemmed from California’s energy crisis, the current stems from the utility’s role in recent wildfires and its resulting liabilities.

PG&E initially expected the proceeding to last two years. However, in order to qualify for the state’s new wildfire mitigation fund, the company is aiming to wrap up reorganization by June 30.

Besides direct coverage of the bankruptcy proceedings, Utility Dive’s timeline includes activity by state regulators and legislators; the various pushes for company reorganization; and wildfire impacts and preventative measures to reduce wildfire risk.

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