PG&E Plans To File For Bankruptcy Over Possible Liability In California Wildfires - News Channel One

Breaking News

PG&E Plans To File For Bankruptcy Over Possible Liability In California Wildfires

1/15/2019 , , , , , , , , ,
California utility PG&E Corp. said Monday that it plans to file for bankruptcy over what it estimates could be $30 billion in potential liability costs from recent wildfires. Here, transmission towers in a valley near Paradise, Calif., as the Camp Fire burns in November 2018.

The utility says it could be facing tens of billions in liability costs connected to the 2017 and 2018 Northern California wildfires. PG&E also says its CEO is stepping down.

(Image credit: David Paul Morris/Bloomberg via Getty Images)



from News : NPR https://n.pr/2STQhvv

No comments

Subscribe to: Post Comments ( Atom )