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UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

In re:

PG&E CORPORATION

- and -

PACIFIC GAS AND ELECTRIC 

COMPANY,

Debtors.

 Affects PG&E Corporation

 Affects Pacific Gas and Electric Company

 Affects Both Debtors

This Document Relates to All Cases

Bankruptcy Case

No. 19-30088

Chapter 11

(Lead Case)

(Jointly Administered)

ORDER (A) ESTABLISHING QUALIFIED 

SETTLEMENT FUND FOR THE 

WILDFIRE ASSISTANCE PROGRAM 

AND (B) AUTHORIZING QSF 

ADMINISTRATOR

Related Docket Nos.: 2233 and 2409

Upon the Orders entered by the Court on May 23, 2019 (the “Initial Order”) [Docket 

No. 2233] and June 5, 2019 (the “Supplemental Order”) [Docket No. 2409] (1) granting the 

Debtors’ Motion Pursuant to 11 U.S.C. §§ 105(a) and 363(b) and Fed. R. Bankr. P. 2002 and 

6004(h) for an Order (a) Authorizing Debtors to Establish and Fund Program to Assist Wildfire 

Claimants with Alternative Living Expenses and Other Urgent Needs and (b) Granting Related 

Relief [Docket No. 1777], (2) appointing Cathy Yanni as Administrator, as agreed to by the 

Signed and Filed: July 17, 2019

________________________________________

DENNIS MONTALI

U.S. Bankruptcy Judge

Entered on Docket 

July 17, 2019

EDWARD J. EMMONS, CLERK 

U.S. BANKRUPTCY COURT 

NORTHERN DISTRICT OF CALIFORNIA

Case: 19-30088 Doc# 3026 Filed: 07/17/19 Entered: 07/17/19 12:24:18 Page 1 of

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Debtors and the Committees, and (3) authorizing the Administrator to control the Wildfire 

Assistance Fund, including disbursing and administering funds in accordance with the Program 

Terms, the Court enters the following Order establishing a Qualified Settlement Fund for the 

Wildfire Assistance Fund (the “QSF”) and approving Cathy Yanni as administrator of the QSF.

IT IS HEREBY ORDERED THAT:

1. The QSF Administrator is authorized to establish a QSF, pursuant to Internal 

Revenue Code § 468B and Treasury Regulations § 1.468B-1 et seq., to receive from the Debtors 

the $105 million Wildfire Assistance Fund, to be held and administered in accordance with the 

Program Terms (as defined in the Supplemental Order).

2. Cathy Yanni is approved as “administrator” of the QSF (as such term is defined 

in Treasury Regulations § 1.468B-2(k)(3)) who must discharge the obligations of an administrator 

with respect to the QSF under Treasury Regulations §§ 1.468B-2(k)(3) and 1.468B-2(l).

3. The QSF Administrator’s powers and obligations with respect to the QSF 

include authority to:

(a) Hold, manage, invest, and reinvest the assets of the QSF in a manner 

designed to preserve the accrued income and principal of the QSF for the 

purpose of the QSF under this Order, to be invested in 

instruments/securities comprised of (a) United States Agency, Government 

Sponsored Enterprises or Treasury securities or obligations (or a mutual 

fund invested solely in such instruments); (b) cash equivalent securities, 

including SEC registered money market funds and/or collateralized money 

market accounts; and/or (c) deposit and similar interest-bearing, or noninterest bearing accounts subject to Federal Depository Insurance 

Corporation protections as available; pay investment charges or fees 

associated with the QSF; and allocate payments of interest earned on the 

Wildfire Assistance Fund.

(b) Obtain a Federal Taxpayer Identification Number for the QSF on the entry 

of this Order.

(c) Pay from the Wildfire Assistance Fund reasonable fees and expenses 

associated with implementation of the Wildfire Assistance Program, 

including, but not limited to, expenses and costs incurred in connection 

with the accounting and taxation of the QSF not to exceed $5 million.

(d) Once final distribution of all monies paid into the QSF has occurred, to take 

appropriate steps to wind down and dissolve the QSF, after which time the 

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QSF Administrator will be discharged from any further responsibility with 

respect to the QSF.

(e) Perform any other acts it deems reasonably necessary to administer the 

QSF and effectuate the purposes of the QSF.

4. This Order shall be immediately effective and enforceable upon its entry.

5. The Debtors and Administrator are authorized to take all steps necessary or 

appropriate to carry out this Order, and the Administrator is authorized to effectuate administration 

of the QSF in a manner consistent with the Initial Order, the Supplemental Order and this Order.

6. The Court retains jurisdiction to take all actions necessary to facilitate proper 

administration of the QSF and to enforce the Program Terms.

**END OF ORDER**

APPROVED AS TO FORM AND CONTENT:

Dated: July 17, 2019

MILBANK LLP

By: /s/ Thomas Kreller

Thomas Kreller

MILBANK LLP

2029 Century Park East

Los Angeles, CA 90067-3019

Attorneys for the Unsecured Creditors

WEIL GOTSHAL & MANGES LLP

By: /s/ Jessica Liou

Jessica Liou

WEIL, GOTSHAL & MANGES LLP

787 Fifth Avenue

New York, NY 10153-0119

Attorneys for the Debtors

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BAKER & HOSTETLER LLP

By: /s/ Cecily A. Dumas

Cecily A. Dumas

BAKER & HOSTETLER LLP

1160 Battery Street, Suite 100

San Francisco, CA 94111

Attorneys for Official Committee of Tort Claimants

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