California seeks quick fix to utility bankruptcy

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom wants to speed up the troubled Pacific Gas & Electric bankruptcy case so the company can be restructured in time for next year’s wildfire season.
Newsom announced Friday he is calling a meeting of wildfire victims and PG&E executives, shareholders and creditors next week to accelerate what Newsom called “a consensual resolution” to the bankruptcy case.
Shareholders and creditors are battling for control of the