California's Biggest Utility Plans Bankruptcy Filing After Wildfires

EcoWatch
By Lorraine ChowJan 14, 2019, 11:19 am71 pts
California's largest utility is preparing to declare bankruptcy after a string of wildfires in 2017 and 2018 left it with $30 billion or more in potential liabilities. The announcement comes a day after CEO Geisha Williams stepped down. "PG&E currently plans to file for Chapter 11 on or about January 29, 2019,"…

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