SAN FRANCISCO — Faced with potentially ruinous lawsuits over California’s recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could drive up rates for customers of the nation’s biggest utility and reduce the size of any payouts fire victims receive. The Chapter 11 filing allows PG&E to continue operating while it puts its finances in order.
Similar Stories to California’s Pg&e Files For Bankruptcy Amid Wildfire Lawsuits on Bing News
Sudhin Thanawala, Cathy Bussewitz, Denver Post: Business
Tue, 01/29/2019 - 3:40am
Topics: san francisco faced pacific gas electric corp the chapter november paradise my gov gavin newsom legal public utilities commission related articles shutdown missing idaho lake christine basalt pg&e s travis miller morningstar inc consumer erin brockovich sonoma napa bussewitz york california pg&e northern pg&e s new insurance pg&e bankruptcy wildfire lawsuits victims electricity claims energy experts people wildfires investigators customers rates filing utility potential sources filed years nation killed power service receive percent state goals continue puts higher move company equipment line billions billion top deadly blazes switch money country wine destroyed damages solar
BING NEWS:
- PG&E Stock Recovers Pre-Market On BMO Upgrade As Wildfire Concerns Drive Retail Sentiment To Year-Low
PG&E Corp. (PCG) stock rose more than 1% in pre-market trading Monday after BMO Capital initiated coverage with an ‘Outperform’ rating and a $21 price target. The brokerage described PG&E as a strong ...
01/13/2025 - 12:25 am | View Link - PG&E Stock Sinks To 6-Month Low As LA Wildfires Likely Among California’s Costliest, But Retail Shows No Panic
California utility PG&E Corp. (PCG) shares fell by more than 10% in mid-day trade on Friday, hitting their lowest levels since July, as the wildfires in Los Angeles continued to spread. Moody's ...
01/10/2025 - 6:24 am | View Link - More
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