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Law360: MVP - O’Melveny’s Nancy MitchellOctober 22, 2020
O’Melveny partner Nancy Mitchell has once again been named a “Bankruptcy MVP” by Law360.
Mitchell was recognized for her work in drafting the California state government’s bankruptcy plan of electrical service provider PG&E, advising Puerto Rico Electric Power Authority and Puerto Rico Aqueduct and Sewer Authority in restructuring their debts, and helping California get two bankrupt hospitals back online amid the COVID-19 pandemic, Law360 reported.
As a member of the “strike force” brought together by California Governor Gavin Newsom she helped save the state’s electrical utilities when Pacific Gas and Electric Co.’s liability was sent into Chapter 11 after a series of wildfires. For this, Mitchell had to do unfamiliar tasks, like draft legislation, which included establishing a US$21 billion fund to pay for the damages. “It was just a fascinating situation. It involved a lot of things I normally don’t do as a bankruptcy lawyer,” Mitchell said.
Mitchell told the publication her work in California provided that unpredictability, as did her work advising the Puerto Rico Electric Power Authority and Puerto Rico Aqueduct and Sewer Authority. “I love bankruptcy law because you’re always learning new things. Bankruptcy provides you with such an opportunity to learn and grow. I find it endlessly intriguing,” Mitchell said. “I am fascinated by finding the best solutions for my clients.”
Law360 subscribers can read the full article here.