PG&E Corporation (PCG)

$PCG #PGE #CALIFORNIA EQUITY IS BEING CANCELED

PG&E Corporation and Pacific Gas and Electric Company (19-30088)
COURT DOCUMENTS

READ DOCKETS DATED 02/15/2019

Pacific Gas and Electric
PG&E
https://t.co/CeDYrIZ4os https://t.co/dse7KxMem3

$PCG #PGE PG&E #CALIFORNIA 8K FILING ON DEFAULT LIKELY BY TUESDAY
30 DAY GRACE PERIOD ENDED TODAY.
Voluntary Bankruptcy will become Involuntary #BANKRUPTCY

INITIAL NOTICE
PG&E Shares, Bonds Plunge After Interest Payment Missed

PG&E Shares, Bonds Plunge After Interest Payment Missed 
In response to a request for comment, the company cited the SEC filing, which also noted that "Under the indenture governing the 2040 Notes, PG&E has a 30-day grace period to make the interest payment before triggering an event of default."

https://www.newsmax.com/t/finance/article/898350?section=markets&keywords=pg-e-interest-payment-bonds&year=2019&month=01&date=15&id=898350&oref=t.co

Why PG&E’s restructuring plan and reviving their stock value may help fuel $BE stock price!

PG&E’s stock is jumping today ( stock up today > 17%) based on its proposed settlement with the California fire victims..as a major part of PG&E’s restructuring plan ( there are Billions $ of their equity and board’s fiduciary duty at stake here) is to avoid another major wild fire at any cost.

PG&E officially stated that moving forward they would be shutting down the power even more frequently, as a precaution against high wind or dry conditions risking another such fire. So unfortunately more sad news for Californian businesses and residents ... but it doesn’t have to be, thanks to Bloom Energy and it’s micro grid solution.

I don’t expect California’s critical infrastructure like hospitals, stores, schools, offices, data centers, factories and even homes wanting to go back to 18th century living in darkness and without water ( and toilet)..risking lives and business revenues !! ( note: if you are living in those areas affected by the PG&E wild fires - my sincere sympathies..please do comment how you feel about the power cuts..)

Given that another major fire incident will be a kiss of death for $PCG stock value and for its management — $BE’s fuel cell power generation is ripe for an immediate and sustainable solution to power this critical infrastructure (locally using micro grids). The Bloom Energy fuel cell micro grid power generation solution is much cheaper, safer and cleaner than installing traditional generating sets ( with traditional generators and turbines - mechanical efficiency is much lower, and green house gas and particles emissions are much higher polluting communities near the traditional these generating sites..and by the way not everyone can afford and maintain a generator ...thankfully no such issues near Bloom’s fuel cell sites and existing local grid infrastructure can be used to distribute the power to everyone ).

Solar and Wind power may have an important role to play but these are a part of the solution with $BE fuel cell generation ( powered by natural gas or methane generated from community or farm waste sites) ..

Solar and Wind power sources can’t work alone all by themselves.. solar and wind source intensity changes daily and seasonably, requiring a Battery to store their power or to pump back the power in a grid..
There is no such Battery of that size in the world today and not expected at least for the next 5-10 years - to power this critical infrastructure for its peak load and its average load for hours and days!!! ...the largest battery for such utility use is made by Tesla and it is only used to balance peak loads for just seconds of the peak power loads variation !

In conclusion, I expect a huge order for $BE fuel cells in 2020 & beyond from California and many other states across the US ( and for that matter whole micro grid sector as a whole is expected to go up!) ..

As Utilities and their boards wake up to these expensive risks ( such as PG&E did , and it is just a start) , and State & Local Politicians better understand that they will be voted out of “power” if their voting residents are “out of power” ( as NY legislators recently allowed propane pipeline for Long Island) — $BE investors and clients will be handsomely rewarded !!

( BTW: $BE stock is severely underpriced at this time due to short sellers activity..for instance, $BE market value is even lower than its enterprise value..but I think short sellers did not expect the California wild fires and intensity of the regulatory changes propelling Bloom servers installations)

“New PG&E stock” is mentioned 20 times in docket #10 of the restructuring plan presented to the court (link below). If approved, current shares of $PCG would go to $0 and new shares would be issued.

https://restructuring.primeclerk.com/pge/Home-DownloadPDF?id1=MTI5MTA2&id2=0

$PCG GOV GAVIN NEWSOM State of the State Address. Minute 31:00 Speaks about PG&E

SHAREHOLDERS WILL PAY, NOT RATEPAYERS

THIS IS CLEAR AS DAY FOLKS

https://www.facebook.com/NBCLA/videos/248557336036768/

So $pcg stock found buyers today because Aflac investment officer said they were “sticking with their PG&E bonds position despite $21 million in losses.” Well, 2 important points should be mentioned before getting too excited..point 1 is that Aflac owns PG&E bonds, not $pgc common stock - which in the case of bankruptcy means they are far, far more likely to get paid that common shareholders are....secondly, when you own $147 million in a bankrupt company bonds, you have NO choice but to stick with your position since no institution in their right mind will buy them from you this early in the PG&E BK/restructuring process...in other words, Aflac is trapped into their position...as is every other fund that owns $pcg debt, preferred stock and common stock. They can’t possibly sell at this point without cratering the market. So they are waiting, praying for a bailout.

1) So far entire summer $pcg did not make any mistakes.
2) making payments part of settlements without significant hardship
3) board reorganized duties of individual and much more attention to public...
4) reached out significantly more customers with news-notices etc very good relationships and improving.
5) $PCG is still making money

$PCG #PGE Court has reserved 9:30 a.m. and 1:30 p.m. on the following dates for hearings on matters requiring a hearing.  Dates will be added to the below calendar as matters are scheduled.
PG&E
February 12 13 26 27
March 12 13 26 27
April 9 10 23 24 2019
https://t.co/bTQL5bm6Nc https://t.co/DN4ciLeTUo

PG&E says company split is doable, but warns bills could rise

$PCG #PGE #CALIFORNIA
https://www.mercurynews.com/2019/02/21/pge-says-company-split-is-doable-but-warns-bills-could-rise/

$PCG
As of 4/15
Shares sold short 4.61%
Shares hold by institutions 78.59%

As of 4/30
Shares sold short 4.00%
Shares held by institutions 78.88%

As of 5/13
PG&E Corp. Insitutional Ownership 83.20%

Shorts are slowly covering while institutions are slowly adding more as it gets closer to BK exit. With market tanked 600 points pcg is still close to $11, I think we are in a pretty good position once the flood gates open n pcg gets out of BK.

$PCG #PGE #CALIFORNIA
Rating Action: Moody's assigns Baa2 rating to Pacific Gas and Electric Company's $1.5 billion DIP facility

15 Feb 2019 4:25PM EST

The final order is currently scheduled on 27 February 2019 and is expected no later than 15 April 2019.
#STOCKS #TRADEIDEAS https://t.co/rRlJaLwQxg

$PCG #PGE Here’s What Happens to Your Stock When the Company Goes Bankrupt

Pacific Gas and Electric $PCG has announced that it plans to file for Chapter 11 bankruptcy.

The existing shares of a company that files for bankruptcy will usually wind up being worthless or worth a tiny fraction of their old value.

Equity in the company is often used by the bankruptcy courts to compensate creditors, and shareholders are usually the last people to be compensated.

It’s Usually the End for Your Shares
Unfortunately, this process usually comes at the cost of your investment, more often than not. As a shareholder, you’re essentially a part owner of the company and, unfortunately, that means you’re also on the hook for the company’s debt.

One metaphor might be having a car that you purchased with financing. You might have purchased the car, but if you don’t make the payments, you’ll forfeit ownership and the people who loaned you the money to buy the car will have it repossessed. So, if the company that you and the other shareholders own isn’t paying its debts anymore, bankruptcy usually involves repossessing the value held in your shares and giving it to the people who lent your company money.

https://finance.yahoo.com/news/happens-stock-company-goes-bankrupt-171146196.html