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#PG&E: bankruptcy concerns


 
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#1 eds

eds

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Posted 08 January 2019 - 06:50 AM

PG&E (PCG) could be on the hook for tens of billions of dollars,
. . . for its potential role in California's devastating Camp Fire last year,
. . . the deadliest and most destructive wildfire in the state's history.

PG&E has indicated,
. . . it does not have the cash or assets,
. . . to pay anything close to that amount.
The utility, which provides electricity to about,
. . . 16 million Californians,
. . . is contemplating filing for bankruptcy protection, Reuters reports.

1-8-2019 Source: #PG&E: bankruptcy concerns

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