The Latest: First Court Hearing Set In PG&E Bankruptcy

SAN FRANCISCO (AP) – A U.S. judge in San Francisco is wasting little time as he begins to address Pacific Gas & Electric Corp.’s bankruptcy filing. Bankruptcy Judge Dennis Montali scheduled a hearing in the case for Tuesday, hours after the nation’s largest utility filed for Chapter 11 reorganization. Montali said in a brief order that he wouldn’t make any decisions or hear arguments on numerous PG&E requests. The company is asking the judge to approve up to $5.5 billion in financing and allow it to keep paying employees, among other requests. Montali said the sides will discuss the scheduling of important court hearings in the days and weeks ahead. PG&E filed for bankruptcy as it faces billions of dollars in potential damages from wildfires in California.

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