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PG&E Bondholders Rip CPUC's 'Road To Nowhere' Proposal

By Dorothy Atkins ( July 24, 2019, 9:34 PM EDT) -- The California Public Utilities Commission and Gov. Gavin Newsom can propose a protocol for managing dueling PG&E Chapter 11 reorganization plans, a bankruptcy judge ruled Wednesday over bondholders' objections that the proposal would be "an unprecedented, undocumented road to nowhere" that will stall the bankruptcy proceeding....

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