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A PG&E Bankruptcy May Be What California Needs for a Utility Fix

  • Governor and others signal there won’t be a rescue soon
  • Filing may ‘accelerate the discussion’ on handling fire risk
Bloomberg business news
The Potential Ramifications of PG&E's Bankruptcy Filing
Updated on

For days, California Governor Gavin Newsom and lawmakers deflected questions about what they’d do to keep the state’s largest utility, PG&E Corp., from going under. Their response became clear: Not much.

At least not until the power giant has actually gone bankrupt.