On October 31, 2022, the Fire Victim’s Trust announced an additional sale of 35 million shares in PG&E stock at $15.25 per share to provide compensation for victims of the 2015 Butte, 2017 North Bay, and 2018 Camp Fire. This news comes shortly after the Fire Victim’s Trust sold 35 million shares at $13.65 per

I told the New York Times that PG&E filed bankruptcy not because it needed to but because it wanted to “use the bankruptcy rules to their benefit to limit their liability to victims.” And they have it as front page news today.

But it was back in January I told KRON4 the same thing. I

What’s today’s “motion for relief from stay” all about?

The dispute about PG&E’s total liabilities.

When it filed bankruptcy, PG&E said its liabilities as a result of the 2017 and 2018 wildfires totaled at least $30 billion. Yet, PG&E now proposes to resolve all wildfire claims by funding a trust for wildfire claimants of substantially