INTERVIEW: How Will the PG&E Bankruptcy Affect You?

A law enforcement officer blocks a road as flames from a wildfire burn in a residential area in Santa Rosa, Calif., Monday, Oct. 9, 2017. (AP Photo/Jeff Chiu)

 

Professor at U.C. Berkeley’s Haas School of Business, and Faculty Director of the Energy Institute at Haas, Severin Borenstein shares what the bankruptcy means to PG&E, what this means for consumers as far as daily practice, the priority of paying off creditors in this type of bankruptcy and where fire victims stand in this process, does reorganization mean the clearing of the decks when it comes to those in management, how long the bankruptcy process could take, and when we’re likely to receive more specifics: