"Here are the highlights of our analysis:"


PG&E lenders offer $30B -- and a new name to rebrand tarnished utility


Sacramento Bee's DALE KASLER: "PG&E Corp.’s key lenders offered a $30 billion plan Tuesday to compensate wildfire victims, pull the utility out of bankruptcy — and give the tarnished company a new name."


"The proposal, filed in U.S. Bankruptcy Court by PG&E’s major bondholders, would set aside $16 billion to $18 billion to pay claims on the 2017 and 2018 wildfires. While that’s well short of the $30 billion PG&E has estimated is needed to satisfy its wildfire liabilities, one advocate for wildfire victims called the proposal a promising step."


"The plan offered by PG&E’s leading bondholders comes four days after Gov. Gavin Newsom proposed a $24 billion package to deal with the costs of future wildfires, paid for by ratepayers and shareholders of PG&E and the other two big electric utilities in California."