PG&E is reportedly considering bankruptcy

Favicon Business Journal

PG&E shares fell 20 percent in after-hours trading Friday when Reuters reported that the San Francisco-based utility is considering filing for bankruptcy protection as it grapples with potential liability tied to deadly California wildfires. One step the company may take to avoid bankruptcy is to sell its natural gas division this spring, National Public Radio reported Friday evening, citing a senior PG&E official and a former employee with knowledge of the plan that’s known internally as “Project...

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