Comment on California’s PG&E files for bankruptcy amid wildfire lawsuits

California’s PG&E files for bankruptcy amid wildfire lawsuits

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.

 

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