Bankruptcy Judge Dennis Montali yesterday deferred a ruling on whether to approve a PG&E Corp plan to pay up to $350 million in bonuses to 10,000 employees, saying that he wants more details from the California power producer that is facing bankruptcy following last year’s wildfires, Reuters reported. Judge Montali set April 23 as the next date for a hearing on the plan, saying that he wants PG&E to give him a “tutorial” on it. “It doesn’t quite feel right yet,” Montali said of the plan, noting that he wanted a better understanding of how some of its performance measures will affect payouts. The plan covers 2019 and takes the place of a previously proposed 2018 bonus program that the California power provider scuttled after criticism from wildfire victims and their lawyers. San Francisco-based PG&E sought chapter 11 protection in January, facing the prospect of potentially billions of dollars in liabilities stemming from wildfires in California in recent years linked or suspected to be linked to its equipment.
