trending Market Intelligence /marketintelligence/en/news-insights/trending/O77MU2pxOUu3M-Iv1ENQsw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

PG&E creditors propose to pay $13.5B claim in cash to wildfire victims

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020


PG&E creditors propose to pay $13.5B claim in cash to wildfire victims

Creditors of PG&E Corp. unit Pacific Gas and Electric Co. proposed new commitments to the victims of the wildfire victims, including payment of their full claim of $13.5 billion in cash up-front, compared to the debtors' plan of $5.4 billion cash up-front and partial compensation through share ownership in the reorganized company.

The plan, proposed in a letter to California Gov. Gavin Newsom, also includes an overhaul of the company's board with stakeholder-appointed directors.

The letter said at least one-third of the new directors under the plan will be public-interest directors, and a majority of the members will be California residents.

Additionally, the plan includes no debt at the public reorganized holding company.

The creditors noted that they will directly present the new terms to victims in areas that were worst-hit by the relevant fires.

"We believe this is simply a better deal for the true victims of PG&E's fires, the individuals who need this money as soon as possible so they can rebuild and move on," the letter said.