Giant California utility PG&E facing wildfire claims explores possible bankruptcy, sources say
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PG&E's Bankruptcy Was Predictable And Could Have Been Prevented With Distributed AssetsWildfires may be the immediate cause of PG&E’s bankruptcy but an outdated regulatory system is also a factor. As such, PG&E’s financial and legal woes could have been mitigated not just by having better oversight but also by making more investments in distributed generation and delivery.
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Exclusive: California utility PG&E explores bankruptcy filing - sourcesEXCLUSIVE: California utility PG&E explores bankruptcy filing as it faces billions of dollars in liabilities related to wildfires in 2017 and 2018 - sources
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California utility PG&E's stock falls over 20 percent Monday as company faces wildfire claimsThe utility is facing lawsuits connected to California's deadliest-ever wildfire, the Camp Fire, which killed 86 people in November.
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California utility PG&E's credit rating lowered to junk as it faces billions in wildfire claimsA Moody's downgrade cited challenges for the power company as it faces potentially big liabilities related to wildfires.
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California utility PG&E reportedly explores a bankruptcy filingCalifornia utility company PG&E is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said.
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