Government,
Bankruptcy
Jan. 15, 2019
PG&E, state head into uncharted waters after utility announces bankruptcy
The bankruptcy declaration by Pacific Gas & Electric Corp. on Monday is a much greater threat to the company than the Chapter 11 process it went through more than a decade ago in the wake of the state energy crisis, legal observers said.
The bankruptcy declaration by Pacific Gas & Electric Corp. on Monday is a much greater threat to the company than the Chapter 11 process it went through more than a decade ago in the wake of the state energy crisis, legal observers said.
The near-term prospects of a political solution in Sacramento also appear remote.
Gov. Gavin Newsom, in a Monday afternoon press conference, said the expected...
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