What happened Shares of bankrupt utility PG&E Corporation (NYSE: PCG) jumped as much as 27.9% in trading Wednesday after getting a positive ruling from a judge in its bankruptcy. Shares closed the day up 27%. So what A committee of attorneys for wildfire victims in PG&E territory was attempting to delay a vote on approving the company's bankruptcy restructuring, and their efforts were blocked. The committee wanted to send a letter to victims encouraging them to delay the vote in order to change the terms of their $13.5 billion settlement. Image source: Getty Images. Judge Dennis Montali said he wouldn't support the delay in the vote, although he said attorneys can make the recommendation if they want to. PG&E is under some pressure to get through the bankruptcy process so it can take advantage of the state's fund to cover the potential future cost of wildfires. But there's a June 30 deadline to get through the restructuring, so delays could be detrimental in the long term to the company and shareholders. Now what While this is a small positive on the path to restructuring, I don't think it's a buy sign for investors. Remember, PG&E is still in bankruptcy, and it's not clear what investors will be getting when it emerges. Even if you're interested in this energy stock, I would wait until it's out of bankruptcy and generating consistent earnings before jumping in. 10 stocks we like better than PG&EWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and PG&E wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 18, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source