Pacific Gas and Electric, which supplies 16 million residents, is under investigation for its role in the Camp fire and others
The utility company that services more than a third of California announced Monday it plans to file for bankruptcy by the end of the month. Several deadly wildfires believed to have been caused by the company left it with potential liabilities of at least $30bn.
The boards of directors of Pacific Gas and Electric (PG&E) has determined that the move “is ultimately the only viable option to restore PG&E’s financial stability to fund ongoing operations and provide safe service to customers,” the San Francisco-based company stated in a filing at the Security and Exchange Commission.
Continue reading...from The Guardian http://bit.ly/2RQ8Bsa
