PG&E is approved for a $1.5 billion dollar loan to continue operations for the first four weeks of bankruptcy proceedings.
A federal bankruptcy judge approved the loan on Thursday.
An attorney for the company says the utility wants to establish a trust fund for fire victims.
PG&E's bankruptcy filing Tuesday listed roughly $71 billion in assets and $51 billion in debt. That does not include the tens of billions of dollars in potential liability for the northern California wildfires in the area.
- PG&E Approved for $1.5 Billion Loan
- Audit says CSU stashed away $1.5 billion and raised tuition
- PG&E pays $1 billion to California counties for wildfire damages
- PG&E's lenders offer billions, new name to rebrand utility
- How will newly approved PG&E rate increases impact customers?
- PG&E's fire safety plan recommended for approval
- PG&E blackout plan approved by Public Utilities Commission
- PG&E Fire Safety
- PG&E Breaking Up?
- PG&E CEO tours Paradise