Lawmakers Say PG&E Talking Bankruptcy After October Wildfires

SACRAMENTO (CBS13) — California lawmakers say Pacific Gas & Electric has warned them it may need to reorganize if it is found legally liable for the 2017 October firestorm that devastated Wine Country.
Lawmakers say PG&E is considering bankruptcy protection if it faces large penalties from the California wildfires. A Cal Fire report released on June 8 tied the utility to 12 of the blazes and referred eight of them to district attorneys for potential prosecution.
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