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

Reuters Monday, 14 January 2019
No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfiresPG&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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News video: PG&E Will File For Chapter 11

PG&E Will File For Chapter 11 00:44

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...

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