California power producer PG&E files amended reorganization plan

(Reuters) – California’s power producer PG&E Corp (N:) said late on Thursday that it has filed for an amended reorganization plan, adding that it remains on track to getting the plan confirmed before a June 2020 deadline to exit bankruptcy.

The development comes less than a week after the company said it reached a $13.5 billion settlement with victims of some of the most devastating wildfires in California’s modern history.

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