All of those energy suppliers who have power purchase agreements (PPAs) with MCE are watching what happens in PGandE's bankruptcy. That's because PGandE is in a debtor position to MCE; PGandE owes $$$$ to MCE each month for energy payment billings.
Will a bankruptcy judge delay or discount payments from PGandE to its creditor MCE? Such a determination could take months (years).
MCE has about $35 million cash on hand, plus that much again in other 'current assets' according to its financial statements that it could easily direct to its PPA contract holders. MCE's annual cost of electricity is about $180 million (per financial statement).
MCE CEO Dawn Weisz, MCE Chair Kate Sears, and MCE board members from San Anselmo, Larkspur, and Richmond have a lot of karma with which to deal....