SACRAMENTO, Calif. - California lawmakers say that Pacific Gas and Electric Company is discussing a possible bankruptcy, due to the massive amount of lawsuits on their hands.
Two weeks ago Cal Fire blamed PG&E for starting more than a dozen wildfires in Northern California last year.
Now, state lawmakers say that the company is worried about the ordeal, but there has not been a public comment about the situation from PG&E itself.
PG&E claims the state’s liability structure, which is forcing an investor-owned utility to pay, puts California investors in jeopardy.
- PG&E Gearing Up for Possible Bankruptcy, CA Lawmakers Say
- CA Lawmakers Propose Privately-Financed Banks for Marijuana Sales
- CA school shooting plot foiled
- PG&E Fire Safety
- Lawyers File Lawsuit Against PG&E
- Lawmakers Vote to Allow PG&E to Raise Rates to Cover Wildfire Lawsuit Costs
- PG&E offering more than 200 college scholarships
- PG&E donates to north state welding programs
- PG&E Responds to Cal Fire Allegations