PG&E Stock Has 75% Probability of Going to Zero, Citi Analyst says

The video discusses the competing plans for PG&E's bankruptcy resolution, highlighting the bondholder plan, which could wipe out equity, and PG&E's plan, which offers compensation to victims. Political factors, including California Governor Gavin Newsom's criticism, complicate the situation. The video also explores future investment opportunities in PG&E's infrastructure post-bankruptcy, emphasizing the role of the California Public Utilities Commission in authorizing necessary investments.

What is the probability of PG&E's plan succeeding compared to the bondholder plan?

What challenges does PG&E face in making its case in court during blackouts?