PG&E challenges central tenet of bankruptcy law as it presses judge to reject California liability standards (via UtilityDive)

Inverse condemnation should not apply to investor-owned utilities in California, PG&E attorneys argued at a Nov. 19 hearing before U.S. Bankruptcy Judge Dennis Montali, tasked with supervising the company’s reorganization. PG&E’s request, if granted, would reduce its total liabilities since wildfire victims would not receive payouts until a court determines the company was negligent.