国际英语资讯:U.S. court grants Californian utility sole rights to craft bankruptcy exit plan
<p><span word="SAN">SAN</span> <span word="FRANCISCO">FRANCISCO</span>, <span word="Aug">Aug</span>. 16-- <span word="A">A</span> <span word="U">U</span>.<span word="S">S</span>. <span word="federal">federal</span> <span word="judge">judge</span> <span word="rejected">rejected</span> <span word="Friday">Friday</span> <span word="a">a</span> <span word="motion">motion</span> <span word="by">by</span> <span word="a">a</span> <span word="group">group</span> <span word="of">of</span> <span word="creditors">creditors</span> <span word="to">to</span> <span word="propose">propose</span> <span word="competing">competing</span> <span word="plans">plans</span> <span word="for">for</span> <span word="PG">PG</span>&<span word="E">E</span> <span word="Corporation">Corporation</span>, <span word="and">and</span> <span word="gave">gave</span> <span word="the">the</span> <span word="Californian">Californian</span> <span word="power">power</span> <span word="company">company</span> <span word="sole">sole</span> <span word="rights">rights</span> <span word="to">to</span> <span word="craft">craft</span> <span word="a">a</span> <span word="bankruptcy">bankruptcy</span> <span word="exit">exit</span> <span word="plan">plan</span>.</p><p><span word="Judge">Judge</span> <span word="Dennis">Dennis</span> <span word="Montali">Montali</span> <span word="of">of</span> <span word="San">San</span> <span word="Francisco">Francisco</span>-<span word="based">based</span> <span word="U">U</span>.<span word="S">S</span>. <span word="Bankruptcy">Bankruptcy</span> <span word="Court">Court</span> <span word="turned">turned</span> <span word="down">down</span> <span word="requests">requests</span> <span word="from">from</span> <span word="Pacific">Pacific</span> <span word="Investment">Investment</span> <span word="Management">Management</span> <span word="Co">Co</span>. <span word="and">and</span> <span word="Elliott">Elliott</span> <span word="Management">Management</span> <span word="Corp">Corp</span>., <span word="which">which</span> <span word="intend">intend</span> <span word="to">to</span> <span word="propose">propose</span> <span word="a">a</span> <span word="Chapter">Chapter</span> 11 <span word="exit">exit</span> <span word="plan">plan</span> <span word="for">for</span> <span word="PG">PG</span>&<span word="E">E</span> <span word="to">to</span> <span word="restructure">restructure</span> <span word="the">the</span> <span word="California">California</span> <span word="utility">utility</span> <span word="in">in</span> <span word="a">a</span> <span word="hostile">hostile</span> <span word="takeover">takeover</span> <span word="bid">bid</span>.</p><p><span word="The">The</span> <span word="judge">judge</span> <span word="required">required</span> <span word="the">the</span> <span word="two">two</span> <span word="creditors">creditors</span> <span word="to">to</span> <span word="wait">wait</span> <span word="until">until</span> <span word="PG">PG</span>&<span word="E">E</span> <span word="submits">submits</span> <span word="its">its</span> <span word="own">own</span> <span word="plan">plan</span> <span word="to">to</span> <span word="address">address</span> <span word="the">the</span> <span word="liabilities">liabilities</span> <span word="of">of</span> <span word="more">more</span> <span word="than">than</span> 30 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span> <span word="claimed">claimed</span> <span word="by">by</span> <span word="victims">victims</span> <span word="of">of</span> <span word="a">a</span> <span word="deadly">deadly</span> <span word="wildfire">wildfire</span> <span word="in">in</span> 2017.</p><p><span word="PG">PG</span>&<span word="E">E</span> <span word="has">has</span> <span word="agreed">agreed</span> <span word="to">to</span> <span word="file">file</span> <span word="its">its</span> <span word="own">own</span> <span word="reorganization">reorganization</span> <span word="plan">plan</span> <span word="by">by</span> <span word="Sept">Sept</span>. 9, <span word="a">a</span> <span word="little">little</span> <span word="earlier">earlier</span> <span word="than">than</span> <span word="the">the</span> <span word="exclusive">exclusive</span> <span word="protection">protection</span> <span word="period">period</span> <span word="granted">granted</span> <span word="by">by</span> <span word="the">the</span> <span word="U">U</span>.<span word="S">S</span>. <span word="bankruptcy">bankruptcy</span> <span word="law">law</span>.</p><p><span word="Montali">Montali</span> <span word="said">said</span> <span word="he">he</span> <span word="believes">believes</span> <span word="that">that</span> <span word="the">the</span> <span word="court">court</span>'<span word="s">s</span> <span word="ruling">ruling</span> <span word="in">in</span> <span word="PG">PG</span>&<span word="E">E</span>'<span word="s">s</span> <span word="favor">favor</span> <span word="would">would</span> <span word="help">help</span> <span word="speed">speed</span> <span word="up">up</span> <span word="the">the</span> <span word="settlement">settlement</span> <span word="of">of</span> <span word="claims">claims</span> <span word="by">by</span> <span word="the">the</span> <span word="wildfire">wildfire</span> <span word="victims">victims</span>.</p><p><span word="In">In</span> 2017, <span word="a">a</span> <span word="deadly">deadly</span> <span word="wildfire">wildfire</span> <span word="known">known</span> <span word="as">as</span> <span word="Tubbs">Tubbs</span> <span word="Fire">Fire</span> <span word="killed">killed</span> 22 <span word="people">people</span> <span word="and">and</span> <span word="destroyed">destroyed</span> <span word="more">more</span> <span word="than">than</span> 5,000 <span word="homes">homes</span> <span word="in">in</span> <span word="the">the</span> <span word="Santa">Santa</span> <span word="Rosa">Rosa</span> <span word="area">area</span> <span word="of">of</span> <span word="North">North</span> <span word="California">California</span>.</p><p><span word="After">After</span> <span word="victims">victims</span> <span word="sued">sued</span> <span word="PG">PG</span>&<span word="E">E</span> <span word="for">for</span> <span word="causing">causing</span> <span word="the">the</span> <span word="fatal">fatal</span> <span word="wildfire">wildfire</span> <span word="with">with</span> <span word="its">its</span> <span word="power">power</span> <span word="lines">lines</span>, <span word="the">the</span> <span word="company">company</span>, <span word="which">which</span> <span word="serves">serves</span> <span word="nearly">nearly</span> 16 <span word="million">million</span> <span word="people">people</span> <span word="in">in</span> <span word="Northern">Northern</span> <span word="and">and</span> <span word="Central">Central</span> <span word="California">California</span>, <span word="filed">filed</span> <span word="for">for</span> <span word="bankruptcy">bankruptcy</span> <span word="protection">protection</span> <span word="in">in</span> <span word="January">January</span> 2019.</p>
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