Jan

PG&E Still Plans Bankruptcy Despite Investor Proposal

PG&E Corp. still expects to file for Chapter 11 protection as soon as Tuesday, despite last-minute proposals by investors to keep the utility out of bankruptcy, people familiar with the situation said.

The board evaluated secured-debt arrangements and other forms of capital, but decided they weren’t the best alternatives to address billions of dollars in potential wildfire liabilities, according to one of the people, who asked not to be identified because the information isn’t public…

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PG&E Still Plans Bankruptcy Despite Investor Proposal

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