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PG&E Completes Initial Stage of Bankruptcy Exit Financing

Reorganization Plan Debt Offering Saves Customers Approximately $250 Million Annually SAN FRANCISCO–(BUSINESS WIRE)–Following the formal confirmation of the company’s Plan of Reorganization (“Plan of Reorganization”) by the United States Bankruptcy Court yesterday, PG&E Corporation (the “Corporation”) and Pacific Gas and Electric Company (the “Utility,” together