California Looks for a Fix for the Wildfire Problem That Burned PG&E
- Commission set up by legislature to address utility fire costs
- Meeting comes after PG&E filed for bankruptcy on fire claims
Pacific Gas & Electric Co. (PG&E) workers repair a transformer in Paradise, California, U.S., on Thursday, Nov. 15, 2018.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
California is going to start trying to figure out how to keep another one of its utilities from going bankrupt.
PG&E Corp., the state’s largest power company, has already made a Chapter 11 filing to deal with an estimated $30 billion in liabilities from wildfires that its equipment may have ignited. And its peers -- Edison International’s Southern California Edison and Sempra Energy’s San Diego Gas & Electric -- are just one deadly blaze away from similar ruin if a commission set up by California lawmakers can’t come up with a fix. The panel is scheduled to hold the first in a series of public meetings on Monday.