Press Release: BlueMountain Capital Management, LLC Delivers Second Open Letter to Board of Directors of PG&E Corporation (NYSE: PCG) & Board of Directors of Pacific Gas and Electric Company
BlueMountain Capital Management, LLC Delivers Second Open Letter to Board of Directors of PG&E Corporation (NYSE: PCG) & Board of Directors of Pacific Gas and Electric Company
Firm Urges Delay of Bankruptcy Decision Until After Annual Shareholder Meeting
Says Bankruptcy is Bad for Wildfire Victims, Customers, Employees, Suppliers, Environment & Creditors
PR Newswire
NEW YORK, Jan. 22, 2019
NEW YORK, Jan. 22, 2019 /PRNewswire/ -- BlueMountain Capital Management, LLC ("BlueMountain"), a private diversified alternative asset management firm, today sent an open letter to the Board of Directors of PG&E Corporation and the Board of Directors of Pacific Gas and Electric Company urging them to delay plans to file for Chapter 11 until at least after the annual shareholder meeting slated for May 21.
"You have publicly stated that bankruptcy is in the best interests of all stakeholders. But you have failed to articulate a single cogent reason for why it is beneficial to any stakeholder," reads the letter. "A careful analysis will show that all stakeholders will be harmed by bankruptcy," it continues, including wildfire victims, customers, employees, suppliers, and the environment, as well as creditors.
The full text of the letter and attached Appendix can be viewed on BlueMountain's website here: https://www.bluemountaincapital.com/what-is-new/
About BlueMountain Capital Management, LLC
BlueMountain Capital Management, LLC ("BlueMountain") is a diversified alternative asset management firm managing approximately $19 billion of assets. BlueMountain's diverse team of professionals in New York and London is supported by the firm's institutionalized and proprietary infrastructure, including specialized operations and risk management technology. For more information about BlueMountain, please visit: www.bluemountaincapital.com
Media Contact:
Tom Vogel
Dukas Linden Public Relations
(646) 808-3663
BMCM@dlpr.com
PG&E Stakeholder Contact:
pcg@bluemountaincapital.com
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SOURCE BlueMountain Capital Management, LLC
/Web site: http://www.bluemountaincapital.com
(END) Dow Jones Newswires
January 22, 2019 14:00 ET (19:00 GMT)
*DJ BlueMountain Cap Management, LLC Delivers Second Open Letter to Bd of Directors of PG&E Corp & Bd of Directors of Pacific Gas and Electric Co
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
January 22, 2019 14:00 ET (19:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
新聞稿：藍山資本管理有限公司向PG&E公司董事會(紐約證券交易所市場代碼：PCG)和太平洋天然氣和電力公司董事會遞交第二封公開信
藍山資本管理有限公司向PG&E公司董事會(紐約證券交易所市場代碼：PCG)和太平洋天然氣和電力公司董事會遞交第二封公開信
公司敦促將破產決定推遲到年度股東大會之後
説破產對野火受害者、客户、僱員、供應商、環境和債權人都是不利的
新聞通訊社
NEW YORK, Jan. 22, 2019
2019/PRNewswire/-藍山資本管理有限公司(“藍山”)，一傢俬營多元化的另類資產管理公司，今天，他們向PG&E公司董事會和太平洋天然氣電力公司董事會發出了一封公開信，敦促他們至少在定於5月21日舉行的年度股東大會之後，推遲提交第11章的計劃。
信中寫道：“你曾公開表示，破產符合所有利益相關者的最佳利益。但你沒有提出一個令人信服的理由，説明為什麼破產對任何利益相關者都有利。”“仔細分析將顯示，所有利益相關者都將受到破產的損害，”它繼續進行，包括野火受害者、客户、僱員、供應商和環境以及債權人。
這封信的全文和所附錄可在藍山的網站上查閲：https：/www.blemountainCapital.com/What-is-new/
藍山資本管理有限責任公司簡介
藍山資本管理有限責任公司是一家多元化的另類資產管理公司，管理着大約190億美元的資產。藍山在紐約和倫敦的多元化專業團隊得到了公司制度化和專有的基礎設施的支持，包括專門的運營和風險管理技術。欲瞭解更多關於藍山的信息，請訪問：www.blemountainCapital.com。
媒體聯繫人：
湯姆·沃格爾
Dukas Linden公共關係
(646) 808-3663
bmcm@dlpr.com
PG&E利益攸關方聯繫：
PCG@blemountainCapital.com
查看下載多媒體的原始內容：http：/www.prnewswre.com/news-Relations/藍山-資本管理-llc-交付-第二封公開信給董事會-pge公司-NYSE-pcg-太平洋公司董事會-天然氣和電力公司-300782167.html。
資源藍山資本管理有限公司
/網站：http://www.bluemountaincapital.com
(完)道瓊斯通訊社
January 22, 2019 14:00 ET (19:00 GMT)
*DJ藍山帽管理有限責任公司第二封公開信給PG&E公司董事及太平洋燃氣電氣公司董事Bd
道瓊斯通訊社(212-416-2800)
January 22, 2019 14:00 ET (19:00 GMT)
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