NEW YORK, Jan. 17, 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 challenging their
plans announced January 14 to file
for Chapter 11.
"There is overwhelming evidence that PG&E is solvent. We
simply cannot recall a situation where such a valuable company
filed for bankruptcy with such blatant questions about the
necessity of doing so," reads the letter.
The full text of the letter and attached Exhibits 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
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SOURCE BlueMountain Capital Management