PG&E to declare bankruptcy amid multibillion-dollar liability claims for its part in California wildfires

PG&E to declare bankruptcy amid multibillion-dollar liability claims for its part in California wildfires

Embattled California utility PG&E announced Monday it plans to file for bankruptcy, seeking Chapter 11 protection amid billions of dollars in liability costs related to the company’s role in wildfires in 2017 and 2018, including last year’s deadly Camp Fire, which killed 86 people.

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