TURN Demands Voice for 16 Million Consumers in Bankruptcy Court
TURN wants to represent your interests in PG&E’s Bankruptcy Court, but we need to convince the judge to let us in. TURN has formally requested that PG&E’s bankruptcy court appoint an official committee of ratepayers so that the critical interests of 16,100,000 captive PG&E customers are represented. While creditors enjoy a leading role in bankruptcy court, consumers have been shut out in the past.
We don’t need to tell you that we customers are the ones with the most at stake. Sale of PG&E’s assets could impact our service and safety, and allocation of responsibility for PG&E’s debts will pit customers against shareholders. “The typical bankruptcy proceeding only has creditors as the key parties who are deciding how to pay themselves off,” Mark Toney, TURN executive director, told the San Jose Mercury News. “Ratepayers have at least as much at stake as everyone else in this bankruptcy case.”
If you agree that we should have a voice, and want YOUR interests represented when PG&E’s assets and debts are allocated, sign or petition to the Bankruptcy Court to LET CONSUMERS IN!
Organizations supporting TURN’s request include:
- Public Advocates Office at the CPUC (Cal Advocates)
- AARP California
- California Farm Bureau Federation
- Sierra Club
- Greenlining Institute
Sign the petition TODAY: LET CONSUMERS IN!
The full letter TURN and our allies submitted to the court is available at http://www.turn.org/wp-content/uploads/2019/02/UST-Request-for-Ratepayer-Committee-02-05-19.docx