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.
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