PG&E blasts $24B fire compensation plan as it risks losing control of reorganization

Utility Dive: PG&E said its reorganization plan "will continue to be updated as developments require" in a Monday statement. But some analysts say the new competing plan could gain traction in Montali's court.

The combination of bondholders and wildfire victims "likely has a good shot at ending the utility's control," a Bloomberg Intelligence analyst told the Los Angeles Times. Montali previously rejected motions to terminate a period of exclusivity during which only PG&E can bring forward a plan.

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