A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&...
SAN FRANCISCO - A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve a PG&E Corp plan to pay up to $350 million in bonuses to 10,000 employees, saying he wants more details from the California power producer that is facing bankruptcy following last year’s wildfires.
“It doesn’t quite feel right yet,” Montali said of the plan, noting he wanted a better understanding of how some of its performance measures will affect payouts. The investor-owned power provider has said it expects its equipment will be found to have caused November’s Camp Fire, California’s deadliest and most destructive wildfire of modern times. The blaze killed 86 people and destroyed the town of Paradise.
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