PG&E, US' Largest Energy Utility Firm, to File for Bankruptcy as Potential Liabilities From California Wildfires Reaches Billions

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PG&E, US' Largest Energy Utility Firm, to File for Bankruptcy as Potential Liabilities From California Wildfires Reaches Billions

U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it’ll file for chapter. US’ largest vitality utility agency with a market cap of $13+ billion mentioned that the choice was pressured by the wildfires which destroyed lives and property in California in 2017 and 2018. Per a BBC report, the utility … Continued

The put up PG&E, US’ Largest Energy Utility Firm, to File for Bankruptcy as Potential Liabilities From California Wildfires Reaches Billions appeared first on CCN

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