PG&E filed documents in a U.S. court seeking Chapter 11 bankruptcy despite state investigators determining last week that its equipment was not to blame for the deadly #TubbsFire.
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#BREAKING: PG&E, the largest utility in the U.S., filed for bankruptcy Tuesday as it faces billions of dollars in potential damages from wildfires in California.https://trib.al/YozIX6O
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PG&E's bankruptcy filing immediately puts a halt to the wildfire lawsuits and consolidates them in bankruptcy court, where legal experts say victims will likely receive less money. Read more >>> https://bit.ly/2Wsgx2c pic.twitter.com/ZnwVdMugs9
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Legal experts say the bankruptcy will likely take years to resolve and will result in higher rates for PG&E customers.
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PG&E and its parent company followed through on their plans to seek bankruptcy protection because of the mounting toll they face from the last two seasons of devastating California wildfires.https://bit.ly/2B85kef
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“The power and gas will stay on.” PG&E writes in statement that the utility is not ‘going out of business’ despite filing for bankruptcy, and there will be no disruption in services. http://bit.ly/2B85kef pic.twitter.com/f7rZj5kANZ
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PG&E has officially filed for bankruptcy. Here's what that means for your power and gas services:https://bit.ly/2B85kef
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Experts agreed that PG&E's bankruptcy filing won’t affect customers' ability to keep their lights on. But the process has potential to spur fundamental changes. Read more >>> https://bit.ly/2B85kef pic.twitter.com/FcWNmitA2w
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PG&E's bankruptcy filing came one day after state regulators agreed to let the utility more easily access the bank financing it says it needs to keep operating smoothly during the Chapter 11 process, despite protest from activists.https://bit.ly/2MD1MVH
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Here's what PG&E's bankruptcy could mean for its 20,000 employees: https://bit.ly/2WssGnP pic.twitter.com/hKG9kUfygE
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PG&E and its corporate foundation give away $28 million a year. That largesse is now at risk with the utility’s bankruptcy.https://bit.ly/2BcmUxx
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PG&E Corp.’s top executive assured employees Tuesday that the company’s normal daily operations will not be disrupted now that it has filed for bankruptcy protectionhttps://www.sfchronicle.com/business/article/PG-E-CEO-Bankruptcy-filing-bound-to-bring-13571197.php …
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PG&E filed for bankruptcy protection Tuesday. It’s the largest utility bankruptcy in the nation’s history. Here are the key numbers to keep in mind.https://www.sfchronicle.com/business/article/PG-E-s-bankruptcy-by-the-numbers-13571532.php …
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