Civil Litigation,
Government,
Corporate
Jun. 13, 2018
PG&E warns investors of ‘significant liability’ due to fire losses
Pacific Gas and Electric Co. warned investors and shareholders that it expects to record a “significant liability for losses” associated with 14 Northern California wildfires across seven counties, according to a Monday filing with the U.S. Securities and Exchange Commission.
Pacific Gas and Electric Co. warned investors and shareholders that it expects to record a "significant liability for losses" associated with 14 Northern California wildfires across seven counties, according to a Monday filing with the U.S. Securities and Exchange Commission.
The utility attributed liability primarily to "the current state of the law on inverse condemnation" and the state Department of Forestry and Fire Protection's ...
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