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World News Story: PG&E Seeks Bankruptcy Protection Over Wildfire Liability

Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection. The announcement Monday follows the resignation of the power company's chief executive a day earlier.


Posted: 2019-01-14 12:15:45

Get Full News Story On Newsmax Independent American News Service


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PG&E, facing colossal liability, seeks bankruptcy protection

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Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection.

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(Thu, 21 Mar 2019 07:09:00 GMT)

PG&E's stock drops after swinging to large loss, records $11.5 billion in wildfire-related charges. Shares of PG&E Corp. slumped 1.7% in premarket trade Thursday, after the bankrupt California ...

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Exclusive: PG&E talking to banks on multibillion dollar ...

(Mon, 14 Jan 2019 13:13:00 GMT)

If it seeks bankruptcy protection, the new money could prove critical for PG&E, which spends roughly $6 billion annually serving millions of electric and natural gas customers in California.

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