- California utility owner PG&E is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning.
- PG&E plans to file for bankruptcy protection in a San Francisco federal court, the sources said, in part to address liabilities it expects to top $30 billion stemming from catastrophic wildfires in the last two years.
- Those fires have killed more than 100 people and destroyed numerous homes.
(Reuters) – California utility owner PG&E is preparing to name a restructuring chief as it fi…
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