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RSS FeedsPG&E exits bankruptcy, pays $5 billion into wildfire fund
(WorldNews Business)


2 july 2020 21:13:17

PG&E exits bankruptcy, pays $5 billion into wildfire fund
(WorldNews Business)

SAN FRANCISCO (AP) — Pacific Gas & Electric has emerged from a contentious bankruptcy saga that began after its long-neglected electrical grid ignited wildfires in California that killed more than 100 people. The nation`s largest utility announced Wednesday it emerged from Chapter 11 bankruptcy and paid $5.4 billion in initial funds and 22.19% of its stock into a trust for victims of wildfires caused by its...

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