San Francisco makes $2.5 billion bid for PG&E's electric system

The city of San Francisco has offered to buy PG&E Corp'spower lines and other electrical system infrastructure serving the city for $2.5 billion, according to the utility, which sought Chapter 11 bankruptcy protection in January.PG&E is expected to file a reorganization plan in a U.S. bankruptcy court in San Francisco this week that addresses its estimated $30 billion in liabilities from wildfires in California in 2017 and 2018, including November's Camp Fire, the deadliest and most dest