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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)

Ray C. Schrock, P.C. (pro hac vice)

(ray.schrock@weil.com)

Jessica Liou (pro hac vice)

(jessica.liou@weil.com)

Theodore Tsekerides (pro hac vice)

(theodore.tsekerides@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

KELLER & BENVENUTTI LLP

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

KELLER & BENVENUTTI LLP

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

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

R Affects Pacific Gas and Electric Company

£ Affects both Debtors

* All papers shall be filed in the Lead Case,

No. 19-30088 (DM).

Bankruptcy Case

No. 19-30088 (DM)

Chapter 11

(Lead Case) (Jointly Administered)

STIPULATED ORDER APPROVING 

STIPULATION FOR (1) ADEQUATE 

PROTECTION OF SETOFF RIGHTS 

OF PHILIP VERWEY FARMS 

(“PVF”) AND (2) RESOLUTION OF 

PVF’S MOTION FOR RELIEF 

FROM AUTOMATIC STAY 

[Relates to Dkt. No. 1141-1145 & 2871]

Date: July 31, 2019

Time: 9:30 a.m.

Place: United States Bankruptcy Court

Courtroom 17, 16th Floor

San Francisco, CA 94102

Signed and Filed: September 6, 2019

________________________________________

DENNIS MONTALI

U.S. Bankruptcy Judge

Entered on Docket 

September 06, 2019

EDWARD J. EMMONS, CLERK 

U.S. BANKRUPTCY COURT 

NORTHERN DISTRICT OF CALIFORNIA

Case: 19-30088 Doc# 3837 Filed: 09/06/19 Entered: 09/06/19 17:07:27 Page 1 of

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Weil, Gotshal & Manges LLP

767 Fifth Avenue

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The Court has considered the Stipulation For (1) Adequate Protection Of Setoff Rights Of 

Philip Verwey Farms (“PVF”) And (2) Resolution Of PVF’s Motion For Relief From Automatic 

Stay filed September 6, 2019 [Dkt. No. 3834] (the “Stipulation”) between Philip Verwey, dba 

Philip Verwey Farms (“PVF”) and Pacific Gas and Electric Company (the “Utility” or “Debtor”), 

one of the debtors and debtors in possession in the above-captioned chapter 11 cases (the 

“Chapter 11 Cases”), entered in settlement of the PVF’s Motion for Relief from Automatic Stay to 

Exercise Setoff Pursuant to 11 U.S.C. §§ 362 and 553 (the “Motion”) [Dkt. Nos. 1141 – 1145, 

2871], which came on for hearing on July 31, 2019; and this Court having jurisdiction to consider 

the Motion and the relief requested therein pursuant to 28 U.S.C. §§ 157 and 1334, Order 

Referring Bankruptcy Cases and Proceedings to Bankruptcy Judges, General Order 24 (N.D. 

Cal.), and Rule 5011-1(a) of the Bankruptcy Local Rules for the United States District Court for 

the Northern District of California (the “Bankruptcy Local Rules”), and to consider the Stipulation 

and its provisions pursuant to that same authority and Federal Rule of Bankruptcy Procedure 

4001(d)(4); and consideration of the Motion, the Stipulation and the requested relief being a core 

proceeding pursuant to 28 U.S.C. § 157(b); and venue being proper before this Court pursuant to 

28 U.S.C. §§ 1408 and 1409; and the Court having found and determined that notice of the Motion 

as provided to the parties listed therein is reasonable and sufficient under the circumstances, and 

sufficient to afford reasonable notice of the material provisions of the Stipulation and opportunity 

for hearing; and it appearing that no other or further notice need be provided; and this Court 

having held a hearing on the Motion, and considered the papers filed in support of and in 

opposition to the Motion, and the arguments of counsel; and this Court having determined that the 

legal and factual bases set forth in the Motion and the oppositions thereto establish just cause for 

approval of the Stipulation; and upon all of the proceedings had before this Court and after due 

deliberation and sufficient cause appearing therefor,

IT IS HEREBY ORDERED:

1. The Stipulation is approved as an agreement in settlement of the Motion and as 

providing adequate protection for PVF’s claimed setoff rights. 

Case: 19-30088 Doc# 3837 Filed: 09/06/19 Entered: 09/06/19 17:07:27 Page 2 of

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Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153-0119

2. The Motion is resolved by the Stipulation.

3. This Court shall retain jurisdiction to resolve any disputes or controversies arising from 

the Stipulation or this Order. To the extent any other court or tribunal has concurrent 

jurisdiction over the subject matter of the Stipulation, it shall retain such jurisdiction. 

* * * END OF ORDER * * *

Approved:

Dated: September 6, 2019

MCCORMICK, BARSTOW, SHEPPARD, 

WAYTE & CARRUTH LLP

/s/ H. Annie Duong

H. Annie Duong

Attorneys for Claimant Philip Verwey dba 

Philip Verwey Farms

Case: 19-30088 Doc# 3837 Filed: 09/06/19 Entered: 09/06/19 17:07:27 Page 3 of

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