Media Summary: The move allows California's largest utility to keep operating as it faces lawsuits from deadly wildfires over the past two years. Citing potential massive liabilities from recent wildfires, Pacific Gas & Electric Company The utility company's shared soared in after hours trading on Thursday.
Pg E Officially Declares Bankruptcy - Detailed Analysis & Overview
The move allows California's largest utility to keep operating as it faces lawsuits from deadly wildfires over the past two years. Citing potential massive liabilities from recent wildfires, Pacific Gas & Electric Company The utility company's shared soared in after hours trading on Thursday. PG&E officially files for bankruptcy protection Many are pointing to Pacific Gas and Electric as the first corporate casualty of climate change. Wall Street Journal reporter Russell ... The California Public Utilities Commission approved the loans in an emergency meeting, one senator called it the "easy way out."
Reports said the utilities company may send out notices to its staff on Monday about preparing for a potential CNBC's Aditi Roy reports on California utility Anne Makovec reports on first hearing to address issues with
