PG&E files for bankruptcy amid wildfire lawsuits
SAN FRANCISCO (AP) — Pacific Gas & Electric Corp. filed for bankruptcy Tuesday as the largest U.S. utility faces billions of dollars in potential damages stemming from wildfires in California.
The utility filed documents in a U.S. court seeking Chapter 11 reorganization despite state investigators determining last week that its equipment was not to blame for a 2017 fire that killed 22 people in Northern California wine country.
The company cited hundreds of lawsuits from victims of that blaze and others in 2017 and 2018 when it announced this month that it planned to file for bankruptcy.