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The Latest: Regulators Approve the PG & E Financing Measure



SAN FRANCISCO (AP) – The Most Recent Criticism of a Hurried Announcement Meeting Between California Regulatory Authorities and PG & E (All Local Times):

15:45

California regulators have approved a measure Pacific Gas & Electric Corp Permits

The California Public Utilities Commission approved the request in a harsh last-minute session over the songs of the protesters, the "Shame!"

Commissioners call to agree that the situation was an emergency that paid little attention to the public as the audience was yelled out. The Commission then began to comment publicly. The spokesmen blew up the commission for delaying the meeting and accused them of rescuing PG & E despite its role in forest fires.

California law generally requires a multi-day notice period for public gatherings. The CPUC cited an exception for emergency situations that affect public health or safety.

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4:30

About two dozen protesters holding signs saying "No PG & E Bailout" are demonstrating in front of a hastily announced meeting that could be a major hurdle to Pacific Gas's bankruptcy & Electric Corp. remove.

Protesters say the California Public Utilities Commission has given priority to large banks that would provide PG & E with bankruptcy and burn victims in case of bankruptcy.

Jessica Tovar of the Local Clean Energy Alliance says it's "an eleven-hour meeting" for the CPUC to rescue PG & E.

The California regulators said they would hold a meeting later in the day to decide whether PG & E would receive loans and credits immediately while the company is in Chapter 11.

Californian law generally requires a multi-day notice period for public gatherings. The CPUC cited an exception for emergency situations that affect public health or safety.

12:30

Californian utilities regulators are facing criticism that led to an over-hyped meeting that could remove a major hurdle to bankruptcy from Pacific Gas & Electric Corp.

Californian public utilities said it would hold a meeting later in the day on Monday to decide whether PG & E would receive loans and credits immediately while the company is under Chapter 11.

California law In general a multi-day notice period is required for public meetings. The CPUC cited an exception for emergency situations that affect public health or safety.

Mindy Spatt, a spokeswoman for The Utility Reform Network, said funding for PG & E was not an emergency.

Christopher Chow, a spokesperson for the CPUC

(Copyright 2019 The Associated Press, All Rights Reserved.) This material may not be published, transmitted, rewritten or redistributed.)


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