California Regulator Seeks PG&E Bankruptcy Plan Changes, Proposes $2 Billion Wildfire Fine
The California Public Utilities Commission on April 20 proposed to approve Pacific Gas & Electric Company’s bankruptcy reorganization plan with conditions, including changes to the company’s governance structure, enhanced oversight, and creation of local operating regions. The commission also proposed $1.937 billion in penalties for the utility’s role in causing the catastrophic wildfires in its…