No. 1 US utility PG&E prepares bankruptcy filing after California wildfires

By Liana B. Baker, Mike Spector and Jessica DiNapoli (Reuters) - PG&E Corp, owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018

The post No. 1 US utility PG&E prepares bankruptcy filing after California wildfires appeared first on Firstpost.