PG&E Is Lobbying to Securitize Some Profits to Cover Fire Costs

(Bloomberg) -- PG&E Corp. is lobbying for legislation that would allow the bankrupt California utility giant to securitize some of its profits to pay for past wildfire liabilities, people familiar with the matter said.PG&E was pressing California Governor Gavin Newsom and state lawmakers over the weekend to add the securitization to a sweeping bill introduced last week that would help utilities deal with the mounting damages from wildfires that their power lines keep igniting, said the p