The Latest: California gets time on bids to reorganize PG&E
SAN FRANCISCO (AP) — The Latest on Pacific Gas & Electric’s bankruptcy (all times local):
1:10 p.m.
A federal judge has granted a two-week period for California officials to develop a way to evaluate competing bids to restructure Pacific Gas & Electric and pull it out of bankruptcy.
Gov. Gavin Newsom’s administration and state regulators requested the time Wednesday to work with PG&E Corp. and two groups of investors who want to take over the troubled utility.
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