PG&E Corporation – Exposed Insurers Propose Alternative Plan to Protect $18.5bn in Subrogation Claims, Seek Immediate Termination of Exclusivity Periods

July 23, 2019 – Accepting an invitation by the Court to file an alternative Plan, a group of subrogation claim holders (the “Ad Hoc Subrogation Group”) filed a term sheet in respect of an alternative Plan; and, in order to file that Plan, filed a motion to "immediately" terminate the Debtors’ exclusive Plan filing and…