Case Study: PG&E gains bankruptcy clarity with GLG

Helping Credit Investors Gain Clarity in an Escalating Situation

PG&E turned to GLG as the utility faced escalating uncertainty after the 2018 Camp Fire, its 2019 bankruptcy filing, the Kincade Fire, and California blackouts. Investors needed clearer insight into default risk, liabilities, subrogation claims, regulatory pressure, and the potential impact on PG&E’s energy contracts, using GLG Consultations, Projects, and Events.

GLG responded with a broad expert-led research program that included 60+ calls with executives and former politicians, 30+ teleconferences, 15+ roundtables, and monthly calls with a bankruptcy attorney, supported by custom reports from weather experts and former California regulators. GLG’s ongoing coverage helped investors better estimate recovery prospects and understand PG&E’s overall outlook and bankruptcy-related risks.

PG&E