U.S. judge approves bankruptcy loan for California power producer PG&E

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U.S. judge approves bankruptcy loan for California power producer PG&E
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Bankrupt California power provider PG&E Corp won court approval on Wednesday for...

FILE PHOTO: Pacific Gas and Electric trucks are seen parked on a road between homes destroyed by the Tubbs Fire in Santa Rosa, California, U.S., October 11, 2017. Picture taken October 11, 2017. REUTERS/Stephen Lam

San Francisco-based PG&E filed for Chapter 11 bankruptcy protection in January in the aftermath of devastating wildfires that struck California in recent years, some linked or suspected to be linked to the company’s equipment. PG&E filed for bankruptcy protection on Jan. 29 in anticipation of liabilities from the wildfires, including a catastrophic 2018 blaze, the Camp Fire. It killed 86 people in the deadliest and most destructive wildfire in California history.

PG&E has said it expects its equipment will be determined to have been an ignition source for the Camp Fire.

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