Pacific Gas & Electric Co (PCG)

[GTINSPECTOR]

PG&E (PCG) Announces Amendment to Restructuring Support Agreement with Individual Wildfire Victims’ Representatives

December 17, 2019 6:22 AM

PG&E Corporation and Pacific Gas and Electric Company (together, “PG&E”) (NYSE: PCG) today announced that they have entered into an amendment to the Restructuring Support Agreement among the company and certain representatives of the wildfire victims (the "Tort Claimants RSA") in order to reaffirm the parties’ continued support of the $13.5 billion settlement. The amendment to the Tort Claimants RSA eliminates the provision that would automatically terminate the Tort Claimants RSA if the Governor of California advises PG&E that its Chapter 11 Plan (the “Plan”) does not, in his sole judgment, comply with Assembly Bill 1054 (AB 1054) and the Plan is not modified in a manner acceptable to the Governor by December 17, 2019.