Deals
PG&E Pays a Million a Day for America’s Biggest Utility Bust
- $140 million so far for advisers, with $400 million possible
- Talk fast, because six minutes with a lawyer costs $100
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Little things add up fast in the bankruptcy of PG&E Corp.
A six-minute phone call by a senior attorney costs the power company $102, filings show. A late dinner for a lone consultant at a San Francisco Starbucks is $50, please, and a month’s worth of copying and printing adds $6,944.80. Actual litigation? That’ll be $554,811, just for June at one firm. And preparing a bill for the court adds another $35,015.