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28 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) 

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 - 

Bankruptcy Case No. 19-30088 (DM) 

Chapter 11 

(Lead Case) (Jointly Administered) 

ORDER APPROVING STIPULATION 

CONSENTING TO EXTENSION OF 

DEADLINE TO ASSUME OR REJECT 

CERTAIN NONRESIDENTIAL REAL 

PROPERTY LEASES PURSUANT 

TO 11 U.S.C. § 365(d)(4) 

[No Hearing Requested] 

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) 

 

Signed and Filed: December 20, 2019

________________________________________

DENNIS MONTALI

U.S. Bankruptcy Judge

Entered on Docket 

December 20, 2019

EDWARD J. EMMONS, CLERK 

U.S. BANKRUPTCY COURT 

NORTHERN DISTRICT OF CALIFORNIA

Case: 19-30088 Doc# 5188 Filed: 12/20/19 Entered: 12/20/19 17:15:09 Page 1 of

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The Court having considered the Stipulation Consenting to Extension of Deadline to 

Assume or Reject Certain Nonresidential Real Property Leases Pursuant to 11 U.S.C. 365(d)(4) 

(the “Stipulation”), entered into by PG&E Corporation and Pacific Gas and Electric Company, as 

debtors and debtors in possession (collectively, the “Debtors”), on the one hand, and PPF 

Paramount One Market Plaza Owner, L.P. (the “Lessor”), on the other hand, filed on December 

19, 2019, [Dkt. No. 5175] and, pursuant to such stipulation and agreement of the Parties1, and good 

cause appearing, 

IT IS HEREBY ORDERED: 

1. The Stipulation constitutes “prior written consent of the lessor,” as required by 

section 365(d)(4)(B)(ii) of the Bankruptcy Code for—an extension or extensions (the 

“Extension”) of the time within which a Debtor must assume or reject any nonresidential real 

property lease to which it and the Lessor are party (the “Leases”) until June 30, 2020 (the “Second 

Extended Deadline”). 

2. Pursuant to section 365(d)(4) of the Bankruptcy Code, the time period within which 

the Debtors must assume or reject the Leases is extended from the First Extended Deadline through 

and including the Second Extended Deadline. 

3. No further consent of Lessor shall be required for the sole purpose of granting the 

Extension, and the consent granted pursuant to the Stipulation is without prejudice to the Debtors’ 

right to seek further extensions as provided in section 365(d)(4) of the Bankruptcy Code, including 

beyond the Second Extended Deadline. 

4. Nothing contained in the Stipulation or any actions taken by the Debtors pursuant 

to relief consented to therein is intended or should be construed as: (a) an admission as to the 

validity or amount of any particular claim against the Debtors; (b) a waiver of the Debtors’ rights 

to dispute any particular claim on any grounds; (c) a promise or requirement to pay any particular 

1

 Capitalized terms bused but not defined herein shall have the meanings ascribed to them in the 

Stipulation. 

Case: 19-30088 Doc# 5188 Filed: 12/20/19 Entered: 12/20/19 17:15:09 Page 2 of

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claim; (d) an admission by the Debtors that any contract or lease, including the Leases, are 

executory or unexpired, as applicable; (e) a waiver or limitation of the Debtors’ rights under the 

Bankruptcy Code or any other applicable law, including the Debtors’ right to assume, reject, and/or 

seek any other related relief with respect to any contract or lease; or (f) an alteration, amendment, 

or other modification of the terms of the Leases. 

5. Nothing contained in the Stipulation or this Order shall impair in any way Lessor’s 

right to file a claim for any pre-petition amount due under the Leases. 

6. The Debtors are authorized to take all actions necessary to effectuate the relief 

granted pursuant to and in accordance with the Stipulation and this Order. 

7. The terms and conditions of the Stipulation shall be immediately effective and 

enforceable upon entry of this Order. 

8. The Bankruptcy Court retains sole and exclusive jurisdiction to enforce the 

provisions of the Stipulation and this Order. 

APPROVED AS TO FORM AND CONTENT: 

Dated: December 19, 2019

LESSOR 

/s/ Bernard A. Marasco

Bernard A. Marasco

Authorized Officer of Lessor

**END OF ORDER** 

Case: 19-30088 Doc# 5188 Filed: 12/20/19 Entered: 12/20/19 17:15:09 Page 3 of

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