Pg&E Despite months of work by the state of California to bail out its largest utility, Pacific Gas and Electric, the company filed for bankruptcy this morning. PG&E's financial problems are the direct result of the California state law that deregulated the electricity market. NPR's Richard Gonzales reports.

Pg&E

Pg&E

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Despite months of work by the state of California to bail out its largest utility, Pacific Gas and Electric, the company filed for bankruptcy this morning. PG&E's financial problems are the direct result of the California state law that deregulated the electricity market. NPR's Richard Gonzales reports.