Bill Smith, right, interim chief executive officer and president of PG&E Corp., lowers his head as Butte County District Attorney Michael Ramsey, left, makes his closing statement during the criminal sentencing hearing in the trial of Pacific Gas & Electric Corp in Chico, Calif., Thursday, June 18, 2020. Pacific Gas & Electric on Thursday was fined $4 million for the deaths of 84 people killed in a nightmarish Northern California wildfire ignited by the its long-neglected electrical grid. - AP
BENGALURU: PG&E Corp said its Chapter 11 reorganisation plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from bankruptcy and participate in a state-backed wildfire fund.
The court’s approval follows the confirmation of the plan by power regulator California Public Utilities Commission in May.
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