Utility sued for billions over California wildfire, seeks bankruptcy protection
SAN FRANCISCO (AP) — The nation’s largest utility said Monday it is filing for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages from lawsuits over the catastrophic wildfires in California in 2017 and 2018 that killed scores of people and destroyed thousands of homes. The move by Pacific Gas & Electric Corp., expected by the end of the month, would be the biggest bankruptcy by a utility in U.S. history, legal experts said. It would […]...
Published By: Fox 17 - Monday, 14 January, 2019
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