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DIEMER & WEI, LLP

Kathryn S. Diemer (#133977)

100 West San Fernando Street, Suite 555

San Jose, CA 95113

Telephone: 408-971-6270 

Facsimile: 408-971-6271

Email: kdiemer@diemerwei.com 

WILLKIE FARR & GALLAGHER LLP

Matthew A. Feldman (pro hac vice)

Joseph G. Minias (pro hac vice)

Benjamin P. McCallen (pro hac vice)

Daniel I. Forman (pro hac vice)

787 Seventh Avenue

New York, NY 10019-6099

Telephone: (212) 728-8000

Facsimile: (212) 728-8111

Email: mfeldman@willkie.com

jminias@willkie.com

bmccallen@willkie.com

dforman@willkie.com

Counsel for Ad Hoc Group of Subrogation Claim Holders

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

In re:

PG&E CORPORATION,

-andPACIFIC 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)

Chapter 11 

Bankr. Case No. 19-30088 (DM)

(Jointly Administered)

STATEMENT OF THE AD HOC GROUP OF 

SUBROGATION CLAIM HOLDERS 

Date: December 4, 2019 

Time: 10:00 a.m. (Pacific Time)

Place: United States Bankruptcy Court

 Courtroom 17, 16th Floor

 San Francisco, CA 94102

Case: 19-30088 Doc# 4921 Filed: 12/02/19 Entered: 12/02/19 11:31:05 Page 1 of

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The Ad Hoc Group of Subrogation Claim Holders (the “Ad Hoc Subrogation Group”) in the 

above-captioned chapter 11 cases of PG&E Corporation and Pacific Gas and Electric Company

(collectively, “Debtors”), by its attorneys Willkie Farr & Gallagher LLP and Diemer & Wei, LLP, 

hereby submits this statement in advance of the omnibus hearing set for December 4, 2019 when the 

Court will continue the hearing on the Debtors’ motion to approve the Restructuring Support 

Agreement (the “RSA”) [Dkt. No. 3992] (the “Motion”).

On November 2, 2019, the Ad Hoc Subrogation Group and Debtors prepared and filed an

amended Restructuring Support Agreement [Dkt. No. 4554] (the “First Amended RSA”). On 

November 11, 2019, the Ad Hoc Subrogation Group filed a chart setting forth outstanding objections 

to the First Amended RSA (the “Objection Response Chart”) attached to the Statement of the Ad 

Hoc Group of Subrogation Claim Holders [Dkt. No. 4644]. On November 26, 2019, the Court issued 

its Tentative Considerations on Objections to Amended and Restated Restructuring Support 

Agreement [Dkt. No. 4872] (the “Tentative Considerations”). 

The Debtors and the Ad Hoc Subrogation Group have agreed to modify the First Amended 

RSA to address the Court’s Tentative Considerations. The agreed changes are reflected in an updated 

Objection Response Chart attached hereto as Exhibit A, which adds two columns to the original chart: 

one column with the Court’s Tentative Considerations and a second column reflecting proposed 

solutions as agreed between the Debtors and the Ad Hoc Subrogation Group. If the Motion is 

granted, the parties have agreed to enter into the Second Amended and Restated RSA substantially 

in the form attached hereto as Exhibit B, which is a redline against the First Amended RSA.

[Remainder of Page Intentionally Left Blank]

Case: 19-30088 Doc# 4921 Filed: 12/02/19 Entered: 12/02/19 11:31:05 Page 2 of

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Dated: December 2, 2019

Counsel for Ad Hoc Group of Subrogation Claim Holders

WILLKIE FARR & GALLAGHER LLP

/s/ Matthew A. Feldman 

Matthew A. Feldman (pro hac vice)

Joseph G. Minias (pro hac vice)

Benjamin P. McCallen (pro hac vice)

Daniel I. Forman (pro hac vice)

787 Seventh Avenue

New York, NY 10019-6099

Telephone: (212) 728-8000

Facsimile: (212) 728-8111

Email: mfeldman@willkie.com

jminias@willkie.com

bmccallen@willkie.com

dforman@willkie.com

DIEMER & WEI, LLP

Kathryn S. Diemer (#133977)

100 West San Fernando Street, Suite 555

San Jose, CA 95113

Telephone: (408) 971-6270 

Facsimile: (408) 971-6271 

Email: kdiemer@diemerwei.com

Case: 19-30088 Doc# 4921 Filed: 12/02/19 Entered: 12/02/19 11:31:05 Page 3 of

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Exhibit A: Objection Response Chart

Case: 19-30088 Doc# 4921 Filed: 12/02/19 Entered: 12/02/19 11:31:05 Page 4 of

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Exhibit B: Form of Second Amended and Restated RSA

Case: 19-30088 Doc# 4921 Filed: 12/02/19 Entered: 12/02/19 11:31:05 Page 5 of

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