FOR IMMEDIATE RELEASE: January 29, 2019
Press Contact: Leora Broydo Vestel
(415) 999-4757 | email@example.com
CalCCA Response to PG&E Filing for Bankruptcy Protection
Concord, Calif. – Today, Pacific Gas & Electric (PG&E) filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The California Community Choice Association (CalCCA) has issued the following response:
Community Choice Aggregators (CCAs) are continuing to work closely with PG&E in a coordinated manner to address any potential impacts of the bankruptcy filing on CCA programs.
We support PG&E’s first-day motion seeking the Bankruptcy Court’s approval to continue passing through CCA revenues in the ordinary course of business. We agree with PG&E that “the normal and uninterrupted remittance” of customer payments to CCAs and other public-purpose programs is of the utmost importance.
We are optimistic that PG&E will continue to provide all billing and revenue remittance services to CCAs in a business-as-usual fashion. Some CCAs have contracts to buy energy products from PG&E. Since those energy contracts provide revenue to PG&E, we expect those to remain in place.
About CalCCA: Launched in 2016, the California Community Choice Association represents California’s community choice electricity providers before the state Legislature and at regulatory agencies, advocating for a level playing field and opposing policies that unfairly discriminate against CCAs and their customers. There are currently 19 operational CCA programs in California serving an estimated 8 million customers.
For more information about CalCCA, visit www.cal-cca.org.