On January 29, 2019, BlueMountain Capital Management, LLC announced that it is deeply disappointed that the Board of Directors of PG&E Corporation has ignored calls from multiple parties to abandon its plan to file for bankruptcy. BlueMountain Capital stated that the filing is the latest example of how the Board continues to fail the Company, wildfire victims, customers, employees, creditors, shareholders and the people of California and urged all stakeholders to support change at PG&E and will be proposing a 'New Slate' of directors.