Cases & Deals

Investors in Pacific Gas & Electric participate in regulatory proceedings related to catastrophic wildfire-related costs

Clients Investors in PG&E

Jones Day represented institutional utility company shareholders who own a substantial portion of the outstanding common equity of Pacific Gas & Electric Corporation in a series of regulatory proceedings before the California Public Utilities Commission that address the catastrophic wildfire-related costs that have led to PG&E's bankruptcy and the credit downgrades for other California investor-owned utilities. These regulatory proceedings concern how to allocate financial responsibility for substantial wildfire-related costs and how to account for these liabilities in the utilities' cost of capital.