PG&E bankruptcy proposal includes $18 billion for wildfire claims

Published 01:44 on September 10, 2019  /  Last updated at 02:06 on September 10, 2019  /  Americas, Canada, US  /  No Comments

California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.

California utility Pacific Gas & Electric (PG&E) plans to set aside nearly $18 billion to settle wildfire claims from residents and government entities as it seeks to exit bankruptcy by June 2020, according to a plan filed late Monday.

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