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America's Largest Utility, PG&E, Will File For Bankruptcy

Video Credit: Wochit Business - Duration: 00:37s - Published < > Embed
America's Largest Utility, PG&E, Will File For Bankruptcy

America's Largest Utility, PG&E, Will File For Bankruptcy

(Reuters) - PG&E Corp, the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of its businesses as it faces potentially crushing liabilities linked to catastrophic wildfires in 2017 and 2018.

FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018.

REUTERS/Elijah Nouvelage/File Photo The company’s shares tumbled 55 percent in early trading.

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America's Largest Utility, PG&E, Will File For Bankruptcy

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For Reuters customers only.

NOV.

9, 2018 FILE PHOTO




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Credit: Wochit     Duration: 00:44Published

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