July 12, 2019

Tom Dalzell, IBEW Local 1245: In the fight between hedge funds for control of PG&E, there is only one viable plan for reorganization, as things stand today, and that is the one put forward by the hedge fund-bondholders. The plan articulated several weeks ago by the shareholder hedge funds has dissolved to all but nothing.

Is this a utilities bailout? Will it help prevent future fires? How will all this work? Here's a breakdown of the new plan California lawmakers are putting in place.

Newsom expected to sign wildfire legislation. Bill would put plug in Mojave water-pumping project. Insurance commissioner to return campaign donations.