SAN FRANCISCO (AP) — The Latest on utility PG&E seeking bankruptcy protection (all times local):
11:15 a.m.
Pacific Gas & Electric says it could be liable for more than $30 billion in property losses and other costs associated with wildfires in California last year and in 2017.
The company included the figure in a filing on Sunday with the U.S. Securities and Exchange Commission. PG&E told the SEC the company's board of directors had determined filing for bankruptcy was appropriate.
As of Friday, PG&E said it was facing roughly 50 lawsuits stemming from a wildfire in November that destroyed the town of Paradise and killed at least 86 people. It was facing another 700 or so lawsuits stemming from wildfires in Northern California in 2017.
