If Elliott Wins, PG&E Would Change Its Name
PG&E lettering is seen on a manhole cover in front of Pacific Gas and Electric Corp. headquarters in San Francisco, California.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
The bankrupt California utility giant Pacific Gas & Electric Co. may end up having something in common with the Golden State Warriors if some of the company’s creditors get their way.
As part of a $31 billion restructuring plan proposed by Pacific Investment Management Co., Elliott Management Corp. and Davidson Kempner Capital Management and other creditors, the power company that supplies much of Northern California would change its name to Golden State Power Light & Gas Co.