Exclusive: California utility PG&E explores bankruptcy filing - sources

Credit: Firstpost- Published on January 5, 2019
By Liana B. Baker, Greg Roumeliotis and Mike Spector (Reuters) - California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company...

Credit: Wochit
Published on January 5, 2019 -  00:39
California Utility PG&E Explores Bankruptcy Filing
According to Reuters, California utility company PG&E is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017. The company is considering the move as a contingency, in part because it could soon take a significant financial charge for the fourth quarter of 2018 related to liabilities. Sources said that a bankruptcy filing is not PG&Eā€™s preference for addressing liabilities from the catastrophic blaze.

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