PG&E Corporation – Bondholders Object to Joint Administration, Wants Assurances that Each Debtor Will Be Treated Distinctly for Purposes of Cram Down Rules

January 29, 2019 – In a first bit of jockeying on the constitution of the Debtors’ classes, the Debtors’ Ad Hoc Group of Institutional Bondholders (the “Ad Hoc Group”) objected to the Debtors’ motion requesting joint administration of the Chapter 11 cases of PG&E Corporation (PG&E”) and Pacific Gas and Electric Co. (“Utility”). The concern…