Posted inLocal Issues

In Bankruptcy: PG&E Files to Protect Itself From Wildfire Claims—but It Won’t Solve All of the Utility’s Problems

As a publicly traded corporation, Pacific Gas and Electric reported $17.1 billion a year in revenues from its electric and gas operations. After operating costs, expenses and taxes, it still made out with a profit of $1.7 billion last year. So why has California’s largest utility filed for bankruptcy? PG&E may be solvent, but it […]