SEC Contract Filing

Filing Date: 2019-06-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>ex10-6.htm
<DESCRIPTION>PLAN SUPPORT AGREEMENT [CCWD]
<TEXT>
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 <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.6</font><br>
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 <div style="text-align: center; font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">PLAN SUPPORT AGREEMENT AS TO PLAN TREATMENT OF PUBLIC ENTITY&#8217;S WILDFIRE CLAIMS</div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This PLAN SUPPORT AGREEMENT (as amended, supplemented or otherwise modified from time to time in accordance with the terms hereof,
 this &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Agreement</font>&#8221;), dated as of June 18, 2019, is entered into by and among the following parties:</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(i)&#160; PG&amp;E Corporation (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">PG&amp;E Corp.</font>&#8221;)
 and Pacific Gas and Electric Company (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Utility</font>&#8221;), as debtors and debtors in possession (collectively, the &#8220;<font style="font-size: 10pt; font-family:
 'Times New Roman'; font-weight: bold;">Company</font>&#8221; or the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Debtors</font>&#8221;); and</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(ii)&#160; Calaveras County Water District, a special district (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
 font-weight: bold;">Supporting Public Entity</font>&#8221;).</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The Company and the Supporting Public Entity are referred to herein as the &#8220;<font style="font-size: 10pt; font-family: 'Times New
 Roman'; font-weight: bold;">Parties</font>&#8221; and individually as a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Party</font>.&#8221;</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, on January 29, 2019 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Petition Date</font>&#8221;), the Debtors commenced voluntary cases (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Chapter 11 Cases</font>&#8221;)

 under chapter 11 of title 11 of the United States Code (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bankruptcy Code</font>&#8221;) in the United States Bankruptcy Court for the Northern District of California
 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Bankruptcy Court</font>&#8221;), which Chapter 11 Cases have been consolidated by order of the Bankruptcy Court for procedural purposes only and are being jointly
 administered under case number 19-30088 (DM);</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, during the course of the Chapter 11
 Cases, the Debtors intend to file a joint chapter 11 plan of reorganization or separate chapter 11 plans of reorganization (such filed plan or plans, or any other filed plan or plans in the Chapter 11 Cases supported by the Debtors, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Debtor Plan</font>&#8221;) and a related disclosure statement or disclosure statements, as applicable (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';
 font-weight: bold;">Disclosure Statement</font>&#8221;);</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, as of the date hereof, the
 Supporting Public Entity holds certain Wildfire Claims (as defined below) against the Released Parties (as defined below) including those embodied and alleged in the Operative Complaints (as defined below);</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font> the Parties have engaged in arm&#8217;s
 length, good-faith discussions regarding the treatment of the Supporting Public Entity&#8217;s Wildfire Claims in the Debtor Plan;</font></div>
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 <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">WHEREAS</font>, the Supporting Public Entity, as
 part of a global resolution that includes separate agreements between the Company a