PG&E Co. reaches long-term agreements with 131 QFs

Under the terms of the agreements, Pacific Gas and Electric Company will assume the QF contracts. The company will pay the pre-petition debt on these 131 QF contracts – totaling $740 million – on the effective date of the plan of reorganization. The total amount the company owed to QFs when it filed for Chapter 11 was approximately $1 billion.

By Ann de Rouffignac
OGJ Online

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