California’s PG&E secures financing for future operations

Published 17:36 on January 23, 2019  /  Last updated at 17:36 on January 23, 2019  /  Americas, Canada, US  /  No Comments

Embattled California utility Pacific Gas & Electric (PG&E) signed a financing agreement with four banks this week to provide the company with a $5.5 billion lifeline during its pending bankruptcy, according to public documents.

Embattled California utility Pacific Gas & Electric (PG&E) signed a financing agreement with four banks this week to provide the company with a $5.5 billion lifeline during its pending bankruptcy, according to public documents.

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