california update 6 08 01 cpuc delays qf payment vote sources believe delay puc vote paying qfs 15 undercollected debt likely result concern bankruptcy issues raised issuing could seen preference payment qfs puc follow issues necessity given current environment lack clarity regarding implement 15 payment delay unsurprising characteristic puc operates also noted many claims socal pg e cash flows currently additionally agreeing pay 15 debts qfs raises legal issues utilities would paying debts creditors others could increase likelihood involuntary bankruptcy filing socal non qf creditors