California’s PG&E to File for Bankruptcy

Posted on 01/14/2019


PG&E Corporation, which oversees the PG&E utility, revealed it will file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about January 29, 2019. This is amid the financial liabilities, at least US$ 30 billion in potential liabilities, accumulated from its part of the historic wildfires of 2017 and 2018 that […]