bankruptcy proceedings

Tuesday December 17, 2019

Judge Approves PG&E $24.5 Billion Plan For Wildfire Victims And Insurance Companies

A fallen PG&E utility pole lays on a property burned during a wildfire. The company has several settlement deals meant to clear liabilities stemming from fires sparked by its equipment. Philip Pacheco/AFP via Getty Images hide caption

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Philip Pacheco/AFP via Getty Images

Business

Judge Approves PG&E $24.5 Billion Plan For Wildfire Victims And Insurance Companies

December 17, 2019 • The beleaguered utility faces others obstacles such as winning California Gov. Gavin Newsom's approval for its restructuring plan and a bid by hedge funds to gain control of the company.