PG&E reaches bankruptcy deal with California governor.
PG&E will commit billions of dollars in additional spending to prevent wildfires, meeting one of Newsom's critical demands for the bankruptcy plan.
A PG&E employee works in Paradise, California, on Jan. 22, 2019. PG&E Co., California's biggest utility owner, faces $30 billion in potential wildfire liabilities, and its bankruptcy plan has reverberated across the power industry. The states big utilities have seen their shares plunge since November's deadly Camp Fire, and PG&E's debt rating has been cut to junk status. Photographer: David Paul Morris/Bloomberg via Getty Imagesand California Gov.
PG&E will commit billions of dollars in additional spending to prevent wildfires, meeting one of Newsom's critical demands for the bankruptcy plan.
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