No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfires

Credit: Reuters- Published on January 14, 2019
PG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.
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Credit: Wochit Business
Published on January 14, 2019 -  00:44
PG&E Will File For Chapter 11
FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) - PG&E Corp (PCG.N) said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses, as the company faces pressure from potentially crushing liabilities linked to catastrophic wildfires.

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