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February 5, 2020

PG&E clears a bankruptcy hurdle with debt refinancing

By MICHAEL LIEDTKE
AP Business Writer

SAN FRANCISCO — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles being put up by the state of California.

U.S. Bankruptcy Judge Dennis Montali signed off on the deal to refinance billions of dollars in debt to pay off PG&E bondholders.


 
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