California Governor Questions $11 Billion PG&E Insurance Deal

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California Governor Questions $11 Billion PG&E Insurance Deal
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Gov. Gavin Newsom blasted financial creditors for 'unacceptable' investment tactics in PG&E’s bankruptcy proceedings

In a court filing on Saturday, the Democratic governor raised several objections to the proposed deal with insurance creditors after it emerged as a sticking point in negotiations to resolve PG&E’s massive debts and wildfire liabilities.

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