Noteholders of PG&E Corp. and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan yesterday for the company, proposing they get effectively all of its new shares, Reuters reported. The plan, filed with the U.S. Bankruptcy Court in San Francisco over PG&E’s wishes, proposes that the noteholders buy $15.5 billion in new shares, giving them 59.3 percent of equity. The plan also proposes issuing 40.6 percent new PG&E stock to fund a fire victims trust valued at $12.75 billion. This month, Bankruptcy Judge b>Dennis Montali issued an order allowing the noteholders and wildfire victims’ committee to file a reorganization plan for PG&E after the noteholders offered to put $29.2 billion in new money, in a combination of equity and debt, into the San Francisco-based power producer. The committee backed the noteholders’ plan because it expected the proposal to provide more than the $8.4 billion in compensation PG&E has proposed for wildfire victims. PG&E is developing a plan, backed by major shareholders, that would use $34 billion in new debt and $14 billion in equity commitments to reorganize.