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CPUC approves PG&E reorganization plan, paving way for bankruptcy exit
Utility Dive: Legislation passed by California last year tasked the CPUC with reviewing PG&E's reorganization plan and determining whether it will result in an effective governance structure at the company, align with California's climate goals, and remain neutral to the ratepayers.
The decision approved by the agency Thursday found that the plan complied with these requirements, and included some conditions. It prevents PG&E from passing on the costs of pre-2019 wildfires to ratepayers, and calls for a plan to divide the utility into localized operating regions.
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