PG&E Says Elliott, Pimco Don’t Deserve $5 Billion ‘Windfall’
A Pacific Gas & Electric Co. (PG&E) employee watches as contractors clear trees away from the company’s power lines in Nevada City, California, U.S. (Photographer: David Paul Morris/Bloomberg)

PG&E Says Elliott, Pimco Don’t Deserve $5 Billion ‘Windfall’

(Bloomberg) -- Bondholders don’t deserve a $5 billion “windfall” when PG&E Corp. reorganizes next year because the utility is in bankruptcy, voiding any right investors had to an early payoff premi...
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