Legal Brief - Week 07: PG&E Corp. vs Federal Power Commission
PG&E Corp. vs Federal Power Commission Bankruptcy Case No. 19-30088-DM Case Facts Pacific Gas & Electric Corporate (PG&E) was incorporated on October 10, 1905, to provide the transmission and delivery of energy (natural gas and electricity) to millions of customers in San Francisco, California. On January 29, 2019, the organization filed voluntary bankruptcy petitions under Chapter 11 of the U.S. Bankruptcy Code; this came after a series of wildfire’s incidents leading the California Department of Forestry and Fire Protection to assign the blame on PG&E. These findings led the company to a potential liabilities of $30 billion. Victims’ claims consist of injuries, death, property and business losses, and other legal damages worth $13.5 billion. Petitioners (PG&E customers) sought the court to review an order issued by the Federal Power Commission (FPC) issued a statement of policy instr...