TROUTMAN SANDERS LLP

875 TH IRD AV E NUE

NEW YORK, NY 10022

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TROUTMAN SANDERS LLP

Hugh M. McDonald (admitted pro hac vice)

Jonathan D. Forstot (admitted pro hac vice)

875 Third Avenue

New York, NY 10022

Telephone: (212) 704-6000

Facsimile: (212) 704-6288

hugh.mcdonald@troutman.com

jonathan.forstot@troutman.com

TROUTMAN SANDERS LLP

Marcus T. Hall, Bar No. 206495

Katharine L. Malone, Bar No. 290884

3 Embarcadero Center, Suite 800

San Francisco, CA 94111

Telephone: (415) 477-5700

Facsimile (415) 477-5710

marcus.hall@troutman.com

katharine.malone@troutman.com

Attorneys for Consolidated Edison 

Development, Inc.

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).

Bankruptcy Case No. 19-30088 (DM)

Chapter 11 (Lead Case) (Jointly Administered)

CONSOLIDATED EDISON

DEVELOPMENT INC.’S RESERVATION 

OF RIGHTS REGARDING POSTPETITION 

INTEREST ON UNSECURED CLAIMS

Date: December 11, 2019

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

Place: United States Bankruptcy Court

Courtroom 17, 16th Floor

San Francisco, CA 94102

Re: Docket No. 4540

Consolidated Edison Development, Inc. (“CED”), through its counsel, hereby reserves all 

its rights with respect to the “Postpetition Interest Issue,” as defined in the Order Establishing PreCase: 19-30088 Doc# 4625 Filed: 11/08/19 Entered: 11/08/19 14:02:45 Page 1 of

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TROUTMAN SANDERS LLP

875 TH IRD AV E NUE

NEW YORK, NY 10022

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Confirmation Briefing and Hearing Schedule for Certain Legal Issues [Docket No. 4540] (the 

“Scheduling Order”), including the right to be heard at the hearing set for December 11, 2019 (the 

“Hearing”) or any time thereafter.

CED is a party to several wholesale power purchase agreements (the “PPAs”) with Pacific 

Gas and Electric Company (the “Utility” and, together with PG&E Corporation, the “Debtors”). It

is CED’s understanding that the Debtors will likely assume the PPAs pursuant to section 365 of the 

Bankruptcy Code. While CED currently takes no position on the Postpetition Interest Issue, it 

reserves all itsrights on that Issue. Therefore, if the Debtors seek to assume the PPAs, then, pursuant 

to this reservation of rights, CED may: (1) raise and be heard on whether the PPAs’ interest rates

apply to the calculation of amounts owed to cure the Utility’s defaults under the PPAs, and (2)

without waiving any rights, refrain from taking, briefing, and arguing a position on the Postpetition 

Interest Issue until the Debtors seek to assume the PPAs—notwithstanding the Scheduling Order 

or any decision rendered at or after the Hearing. 

Dated: November 8, 2019 TROUTMAN SANDERS LLP

By: /s/ Hugh M. McDonald 

Hugh M. McDonald (admitted pro hac vice)

Jonathan D. Forstot (admitted pro hac vice)

875 Third Avenue

New York, NY 10022

Telephone: (212) 704-6000

hugh.mcdonald@troutman.com

jonathan.forsot@troutman.comn

Marcus T. Hall (SBN 206495)

Katharine L. Malone (SBN 290884)

3 Embarcadero Center, Suite 800

San Francisco, CA 94111

Telephone: (415) 477-5700

marcus.hall@troutman.com 

katharine.malone@troutman.com

Attorneys for Consolidated Edison

Development, Inc.

Case: 19-30088 Doc# 4625 Filed: 11/08/19 Entered: 11/08/19 14:02:45 Page 2 of

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