PG&E Corporation – Objects to Noteholders Request to Terminate Exclusivity, Accuses Noteholders of Attempt to Hijack Chapter 11 Process Through Creation of Impaired Class

July 18, 2019 – The Debtors objected to a motion filed by the Ad Hoc Committee (defined below) to terminate the Debtors’ exclusive Plan filing and solicitation periods (the “Termination Motion”) [Docket No. 3075] and pushed back on a term sheet for an alternative Plan proposed by the Ad Hoc Committee as "an attempt to…