PG&E bankruptcy exit plan nears final approval

A U.S. bankruptcy judge in San Francisco on Wednesday tentatively approved PG&E’s $58 billion plan for exiting its Chapter 11 bankruptcy.

U.S. Bankruptcy Judge Dennis Montali said in a memorandum decision that he plans to issue a final decision confirming the financial reorganization plan on Friday, after holding a hearing on possible revisions to the wording of his tentative ruling.