Ch. 11 Filing Gives PG&E Chance To Douse Future Fire Claims
Law360 (January 29, 2019, 6:45 PM EST) -- Pacific Gas and Electric Co.'s bankruptcy filing will enable the utility to consolidate billions of dollars in claims from wildfire victims as well as provide it the opportunity to leverage concessions from California lawmakers that would mitigate the financial risks of future catastrophic blazes, according to experts.
Following PG&E's Chapter 11 filing Tuesday, questions abound over what the future holds for the nation's largest power utility as it stares down some $30 billion in anticipated damage claims from victims of wildfires believed to have been ignited by its equipment. The company said a bankruptcy restructuring was the "only viable option" to...
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