California Utility Company PG&E Files For Bankruptcy After Devastating Wildfires

Credit: WorldNews- Published on January 14, 2019
One of the largest power utilities in the United States said it was preparing to file for Chapter 11 bankruptcy on Monday after its businesses are facing massive liabilities linked to wildfires in 2017 and 2018, according to Reuters. California's PG&E Corp's shared fell 55 percent in early trading after it released a statement...
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