Americas > California’s PG&E secures financing for future operations

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  / Dan McGraw /  Americas, Canada, US

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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