PG&E Fire Liability Has Calif. Considering Ch. 11 Alternative
Law360 (August 17, 2018, 6:01 PM EDT) -- As wildfires again ravage swaths of California forests in what has become a deadly summer ritual, the threat of a Pacific Gas and Electric Co. bankruptcy looms over state lawmakers who are hastily debating how to apportion liability for billions of dollars' worth of damage stemming from last year's infernos.
California's largest utility has put pressure on the state Legislature to limit the exposure the company and shareholders face after investigators concluded that PG&E's power lines caused 16 of the wildfires that torched hundreds of thousands of acres in Northern California last October. The Wine Country fires, which killed 44 people...
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