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https://www.bloomberg.com//news/articles/2020-01-22/pg-e-wins-support-from-elliott-pimco-for-restructuring-plan
There’s one problem: Governor Gavin Newsom, whose backing is crucial to PG&E’s restructuring, is still trying to block its plan. He rejected the proposal last month, raising concerns about its financing and governance. And the company has “yet to make a single modification” to ease them since, the governor said in a court filing less than two hours before PG&E announced the deal with bondholders.