PG&E FILES FOR BANKRUPTCY AFTER CALIFORNIA WILDFIRES.

• Position: NOTEPAD - Pacific Gas & Electric - Brief article

Facing billions of dollars in liability related to wildfires across the state, California power company Pacific Gas & Electric filed for bankruptcy in January. The Wall Street Journal reported that, between June 2014 and December 2017, more than 1,500 wildfires have been linked to PG&E power lines and equipment. Last year, a malfunctioning PG&E power line was suspected of sparking the Camp fire, which caused 86 deaths and destroyed 18,000 homes and businesses, resulting in more than $7 billion in claims against the company...