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BAKER 

&

HOSTETLER LLP

ATTORNEYS AT LAW

LOS ANGELES

EXHIBIT A 

REDLINE 

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Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153-0119

WEIL, GOTSHAL & MANGES LLP

Stephen Karotkin (pro hac vice)

(stephen.karotkin@weil.com)

Jessica Liou (pro hac vice)

(Jessica.liou@weil.com)

Matthew Goren (pro hac vice)

(matthew.goren@weil.com)

New York, NY 10153-0119

Tel: (212) 310-8000

Fax: (212) 310-8007

KELLER & BENVENUTTI LLP

Tobias S. Keller (#151445)

(tkeller@kellerbenvenutti.com)

Jane Kim (#298192)

(jkim@kellerbenvenutti.com)

650 California Street, Suite 1900

San Francisco, CA 94108

Tel: (415) 496-6723

Fax: (415) 636-9251

Attorneys for Debtors

and Debtors in Possession

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

In re:

PG&E CORPORATION,

- and -

Case No. 19-30088 (DM)

Chapter 11

(Lead Case)

(Jointly Administered)

STIPULATION BETWEEN DEBTORS

AND CALIFORNIA PUBLIC UTILITIES

COMMISSION IN RESPECT OF

CERTAIN COMMISSION PROCEEDINGS

PACIFIC GAS AND ELECTRIC

COMPANY,

Debtors.

 Affects PG&E Corporation

 Affects Pacific Gas and Electric Company

 Affects both Debtors

* All papers shall be filed in the lead case,

No. 19-30088 (DM) Case: 19-30088 Doc# 2629-1 Filed: 06/19/19 Entered: 06/19/19 13:43:07 Page 2

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[No Hearing Requested]

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PG&E Corporation and Pacific Gas and Electric Company (the “Utility”), as debtors and

debtors in possession (collectively, the “Debtors”), and party in interest the California Public

Utilities Commission (the “Commission” and together with the Debtors, the “Parties”), by and

through their undersigned counsel, hereby submit this stipulation (the “Stipulation”), for an

order (the “Order”) modifying the automatic stay (the “Automatic Stay”) for certain limited

purposes pursuant to section 362 of title 11 of the United States Code (the “Bankruptcy Code”),

and represent and agree as follows:

RECITALS

A. On January 29, 2019 (the “Petition Date”), the Debtors commenced the

above-captioned chapter 11 cases (the “Chapter 11 Cases”) in the United States Bankruptcy

Court for the Northern District of California (the “Court”)

B. On February 12, 2019, the Acting United States Trustee for Region 3 (the

“U.S. Trustee”) appointed an official committee of unsecured creditors (the “Creditors

Committee”) pursuant to section 1102(a) of the Bankruptcy Code.

C. On February 15, 2019, the U.S. Trustee appointed an official committee of

tort claimants (the “Tort Claimants Committee”) pursuant to section 1102(a) of the Bankruptcy

Code.

D. California law empowers the Commission to do “all things . . . which are

necessary and convenient” in the exercise of its regulatory power in respect of public utilities.

Cal. Pub. Util. Code § 701.

E. In carrying out its statutory duties, the Commission regularly oversees

proceedings initiated by third parties (such parties, “Commission Complainants” and

proceedings initiated by such parties, “Commission Proceedings”). From time to time,

Commission Complainants lack the means to engage counsel to bring proceedings in these

Chapter 11 Cases for relief from the Automatic Stay, including certain Commission

Complainants that are low-income customers eligible for PG&E’s low-income rate or assistance

programs. Commission Complainants sometimes initiate proceedings before the Commission to

enforce public policy and safety, utility tariffs, administrative orders and regulations, including

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proceedings concerning matters arising before the Petition Date to compel the Utility to relocate

overhead power lines, to restore utility services, effectuate Commission rules and regulations and

utility tariffs or to issue reimbursements for certain remedial actions taken by ratepayers.

F. The Parties have determined that it is in their best interests if certain

Commission Proceedings be allowed to continue before the Commission notwithstanding the

Chapter 11 Cases. The Parties thus agree that, pursuant to section 362(d) of the Bankruptcy

Code, the Court should modify the Automatic Stay for the limited purpose of allowing the

commencement or continuation of certain Commission Proceedings, including the determination

of, but not the collection of, any money judgments in such proceedings.

G. The Parties further agree that the Automatic Stay shall continue to apply to

the allowance of claims, and to the enforcement of any money judgments awarded in any

Commission Proceedings that are or become the subject of the Stipulation. Nothing herein shall

be deemed to modify or alter the requirements or obligations of any Commission Complainant to

timely file a proof of claim in these Chapter 11 Cases in accordance with any order of the Court

governing the filing of claims.

NOW, THEREFORE, UPON THE FOREGOING RECITALS, IT IS

HEREBY STIPULATED AND AGREED, BY AND BETWEEN THE PARTIES,

THROUGH THE UNDERSIGNED, AND THE PARTIES JOINTLY REQUEST THE

COURT TO ORDER, THAT:

1. This Stipulation shall be effective upon approval by the Court.

2. With respect to Commission Proceedings filed prior to the entry date of an

Order approving this Stipulation, the Automatic Stay shall be modified to allow the

commencement or continuation of the relevant Commission Proceedings set forth on Exhibit A

attached hereto, including the determination of, but not the collection of, any money judgments

in such proceedings.

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3. With respect to Commission Proceedings by Commission Complainants of

the type identified in Recital E, above, that are accepted for filing by the Commission after the

entry date of an Order approving this Stipulation, upon the expiration of the applicable Notice

Period (as defined below) and without objection by the Debtors, the Creditors Committee or the

Tort Claimants Committee, the Automatic Stay shall be modified to allow the commencement or

continuation of the relevant Commission Proceeding, including the determination of, but not the

collection of, any money judgments in such proceedings.

4. If the Debtors, the Creditors Committee, or the Tort Claimants Committee

timely object to the commencement or continuation of a Commission Proceeding (by filing an

objection in such Commission Proceeding within the applicable Notice Period), the Commission

shall suspend such Commission Proceeding and (a) the Debtors, the Creditors Committee, and/or

the Tort Claimants Committee, whomever objects, (b) the Commission, and (c) the Commission

Complainant, if applicable, shall meet and confer in a good faith effort to resolve whether such

Commission Proceeding may continue before the Commission. If the parties are unable to reach

agreement, then the stipulated modification of the Automatic Stay shall be inapplicable to such

Commission Proceeding, and the Automatic Stay shall remain in place as to such Commission

Proceeding.

5. Neither the inclusion in Exhibit A of any Commission Proceeding, nor the

Debtors’ failure to exercise the objection rights set forth in paragraphs 3 and 4 hereof with

respect to any Commission Proceeding, shall have any effect on, nor result in any prejudice to,

the Debtors’ ability to object to the commencement or continuation of any other Commission

Proceedings.

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6. The Commission shall notify the Debtors and their counsel in these

Chapter 11 Cases (attention: Steven Frank (swf5@pge.com), Molly Zimney (mez3@pge.com),

Theodore Tsekerides (theodore.tsekerides@weil.com), and Matthew Goren

(matthew.goren@weil.com)), counsel for the Creditors Committee in these Chapter 11 Cases

(attention: Dennis Dunne (ddune@milbank.com) and Thomas Kreller (tkreller@milbank.com),

and counsel for the Tort Claimants Committee (attention: Jerry Bloom (jbloom@bakerlaw.com)

and Eric Goodman (egoodman@bakerlaw.com) of any Commission Proceeding that the

Commission believes is subject to this Stipulation promptly after such Commission Proceeding is

accepted for filing by the Commission (the period that commences upon the Commission’s

service of such notice on the Debtors and ends fourteen (14) days from the date thereof, a

“Notice Period”).

7. The Automatic Stay shall continue to apply to the allowance of claims, and

to the enforcement of any money judgments awarded in any Commission Proceedings that are or

become the subject of the Stipulation. Nothing herein shall be deemed to modify or alter the

requirements or obligations of any Commission Complainant to timely file a proof of claim in

these Chapter 11 Cases in accordance with any order of the Court governing the filing of claims.

8. This Stipulation is without prejudice to the right of any party, including the

Commission, to contend—and the right of the Debtors to oppose—that certain proceedings

before the Commission are exempt from the Automatic Stay pursuant to section 362(b)(4) of the

Bankruptcy Code or that the Court should modify the Automatic Stay as to such proceedings.

9. This Stipulation shall have no effect on, and is without prejudice to, any

proceedings involving the Debtors, whether before the Commission or any court, tribunal, or

regulatory agency, other than Commission Proceedings for which the Automatic Stay will be

modified in accordance with the provisions of this Stipulation.

10. This Stipulation shall constitute the entire agreement and understanding of

the Parties relating to the subject matter hereof.

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11. This Stipulation is without prejudice to the Commission’s rights and

immunities under the Eleventh Amendment to the United States Constitution and related

principles of sovereign immunity.

[Signatures on Next Page]

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DATED: June 5, 2019

WEIL, GOTSHAL & MANGES LLP

Stephen Karotkin (pro hac vice)

(stephen.karotkin@weil.com)

Jessica Liou (pro hac vice)

(jessica.liou@weil.com)

Matthew Goren (pro hac vice)

(matthew.goren@weil.com)

767 Fifth Avenue

New York, NY 10153-0119

Tel: 212 310 8000

Fax: 212 310 8007

-andKELLER & BENVENUTTI LLP

By: 

Tobias S. Keller (#151445)

(tkeller@kellerbenvenutti.com)

Peter J. Benvenutti (#60566)

(pbenvenutti@kellerbenvenutti.com)

Jane Kim (#298192)

(jkim@kellerbenvenutti.com)

650 California Street, Suite 1900

San Francisco, CA 94108

Tel: 415 496 6723

Fax: 650 636 9251

Attorneys for Debtors

and Debtors in Possession

CALIFORNIA PUBLIC

UTILITIES COMMISSION

Arocles Aguilar, SBN 94753

505 Van Ness Avenue

San Francisco, California 94102

Telephone: (415) 703-2015

Facsimile: (415) 703-2262

Email: arocles.aguilar@cpuc.ca.gov

-andPAUL, WEISS, RIFKIND,

WHARTON & GARRISON LLP

By: 

Alan W. Kornberg

Brian S. Hermann (pro hac vice)

Walter Rieman, SBN 139365

Sean A. Mitchell (pro hac vice)

1285 Avenue of the Americas

New York, New York 10019-6064

Telephone: (212) 373-3000

Facsimile: (212) 757-3990

Email: akornberg@paulweiss.com

bhermann@paulweiss.com

wrieman@paulweiss.com

smitchell@paulweiss.com

Attorneys for the California Public

Utilities Commission

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EXHIBIT A

COMMISSION PROCEEDINGS

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