Posts Tagged ‘PG&E’

PG&E faces billions of dollars in liability related to wildfires that ravaged California last year. As it hits the reset button, some scoff at its bid to restore public confidence.

PG&E says a Chapter 11 filing is ‘the only viable option’ as it faces up to $30 billion in liability claims from the 2017 and 2018 wildfires. Investors had pushed a $4 billion alternative plan.