"We are not 'going out of business,' and we expect that there will be no disruption to the services you expect from us as a result of the Chapter 11 process,"
However, the bankruptcy filing could lead to higher monthly power bills for
"We can't have any confidence that the PUC will protect ratepayers from higher monthly bills as a result of this bankruptcy,"
Plus, people who are victims of the infernos that torched the North Bay Wine Country and nearby regions in 2017, as well as those who were victimized by wildfires that roared through
"The banks providing the financing have first dibs on being paid back," Lynch said. "That means the fire victims, the company's workers and the ordinary creditors will be placed at a disadvantage to be paid back and compensated."
"We have heard the calls for change,"
The investment firm is attempting to replace
"Today's filing is the latest example of how the
State fire investigators have determined that
Even before the deadly wildfires connected with
Federal investigators determined the
Lynch noted that
"The concern is that the PUC will accommodate
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