BERKELEY, Calif. – California power regulators unexpectedly delayed a key vote on Pacific Gas & Electric's plan for getting out of bankruptcy Thursday after one of the utility's most outspoken critics sent an improper email attacking the company's proposal to pay wildfire victims.
California Public Utilities Commission President Marybel Batjer postponed the vote on PG&E’s $58 billion plan for ending its nearly year-and-a-half-old bankruptcy until May 28, which coincides with a federal bankruptcy court trial on the plan.
State power regulators and a U.S. bankruptcy judge must approve PG&E's plans by June 30 for the company to qualify for coverage from California's wildfire insurance fund, but PG&E should still be able to meet that deadline.