California regulators under fire for hasty PG&E meeting

SAN FRANCISCO (AP) — California utility regulators are facing criticism for a hastily announced meeting that could clear a major hurdle to a bankruptcy filing by Pacific Gas & Electric Corp.

The California Public Utilities said Monday it would hold a meeting later in the day to decide whether to allow PG&E to immediately obtain credit and loans while the company is under Chapter 11.

California law generally requires multiple days of notice for public meetings. The CPUC cited an exception for emergency situations that affect public health or safety.

Mindy Spatt, a spokeswoman for The Utility Reform Network, said PG&E’s financing did not qualify as an emergency.

Christopher Chow, a spokesman for the CPUC, said it had met its noticing requirements for the meeting.

Categories: California News