PG&E to Seek Bankruptcy Protection Amid Wildfire Liability
PG&E Corporation announced it intends to reorganize under Chapter 11 of the U.S. bankruptcy code as it faces billions of dollars in potential liability resulting from the 2017 and 2018 Northern California wildfires, according to a Jan. 14 press release. The move comes a day after Geisha Williams stepped down as CEO. The company said…...