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California Governor Forms ‘Strike Team’ to Advise on PG&E

  • Newsom has hired bankruptcy lawyers, financial advisers
  • PG&E filed for bankruptcy last month amid massive fire claims
PG&E lettering is seen on a manhole cover in front of Pacific Gas and Electric Corp. headquarters in San Francisco,.

PG&E lettering is seen on a manhole cover in front of Pacific Gas and Electric Corp. headquarters in San Francisco,.

Photographer: Bloomberg/Bloomberg
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A California’s team of advisers on PG&E Corp.’s bankruptcy has been given 60 days to map out a plan to ensure the lights stay on, wildfire victims get justice and ratepayers and employees are protected.

The Golden State has hired bankruptcy attorneys and financial specialists to help strategize, Governor Gavin Newsom said during his state of the state address Tuesday in Sacramento. Meanwhile, in bankruptcy court, the U.S. Trustee appointed the official committee to act on behalf of all unsecured creditors, including labor representatives and power providers.