PG&E faces bankruptcy over California wildfires

Credit: USATODAY.com- Published on January 15, 2019
PG&E, the nation's largest utility, plans to file for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages over the catastrophic wildfires in California that killed scores of people and destroyed thousands of homes. (Jan. 15)
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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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