In response to the news that broke today regarding a PG&E restructuring plan being proposed by an ad-hoc committee of lenders, IBEW 1245 Business Manager Tom Dalzell issued the following statement:
“We will give serious consideration to any restructuring plan that improves safety, compensates fire victims, continues the transition to a green economy and protects our workers and the Californians we serve. We are reviewing the most recent proposal now and we are in continuing discussions with virtually all parties working on these important issues.”
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Read more:
PG&E lenders offer $30 billion — and a new name to rebrand tarnished utility (via Sacramento Bee)
PG&E Creditors Push for Rival Pimco-Led Restructuring Plan (via Bloomberg)