PG&E arranges $5.5 billion to fund operations during bankruptcy process

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PG&E arranges $5.5 billion to fund operations during bankruptcy process

By Staff Report and Bloomberg News / Tuesday, January 22nd, 2019 / Comments Off on PG&E arranges $5.5 billion to fund operations during bankruptcy process

By Jim Efstathiou Jr. and Molly Smith Bloomberg News Pacific Gas & Electric expects its looming bankruptcy to take about two years to resolve and has arranged $5.5 billion to fund its operations during the process. Four banks agreed to provide debtor-in-possession funding including a $3.5 billion revolving credit facility, the embattled California utility said…

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