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
- State Lawmakers React to PG&E Bankruptcy
- PG&E Will File for Bankruptcy Protection
- PG&E: What Bankruptcy Means for the Utility
- PG&E Officially Files for Chapter 11 Bankruptcy
- PG&E Finds Bullet-Riddled Gear Near Wildfire
- State and Federal Lawmakers Respond to PG&E Announcement to File Bankruptcy
- CA Lawmakers Propose Privately-Financed Banks for Marijuana Sales
- ICYMI: PG&E Considering Options Like Downsizing and Bankruptcy