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29

PG&E Bankruptcy Hits Green Energy Suppliers

By Tony Seruga

Many electricity producers, such as Topaz Solar Farms, rely completely on sales to PG&E

PG&E Corp. quickly took steps after filing for bankruptcy protection Tuesday to renegotiate power deals with green energy projects that rely on the California utility for most or all of their revenues.

The utility filed papers in the U.S. Bankruptcy Court in San Francisco requesting authority to shed up to $42 billion in power purchase agreements with roughly 350 different suppliers, the majority for solar, wind and other green energy…

PG&E Bankruptcy Hits Green Energy Suppliers

Categories : Bankruptcy, Private Equity

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