PG&E strikes deal with creditors over restructuring

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PG&E strikes deal with creditors over restructuring
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Bankrupt California power producer PG&E Corp said on Wednesday it had reached a ...

FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage

PG&E said its creditors, led by Elliott Management and Pacific Investment Management Co, would drop their reorganization plan and support PG&E’s proposal, pending approval by a bankruptcy court.

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