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
This article is for subscribers only.
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.