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Government,
Criminal,
Corporate

Mar. 1, 2019

PG&E says its equipment probably caused a major fire, but taxpayers could be on the hook.

Pacific Gas & Electric Co. said in a financial disclosure filed Thursday that its equipment likely caused the devastating Camp Fire. But taxpayers could still come out on the losing end.

Pacific Gas & Electric Co. said its equipment likely caused the devastating Camp Fire, according to a financial disclosure filed Thursday. But taxpayers could still come out on the losing end.

The company claimed a $10.5 billion write-down due to the 2018 fire, as well as $1 billion related to 2017 fires. This likely improves PG&E's contention it needs bankruptcy protection. It also gives a graphic illustration of the need ...

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William Alsup

William H. Alsup
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