Newsom rejects PG&E plan to pay fire victims, exit bankruptcy

Newsom rejects PG&E plan to pay fire victims, exit bankruptcy

4 years ago
Anonymous $4bURcB5AtU

https://www.mercurynews.com/2019/12/13/newsom-rejects-pge-plan-to-pay-fire-victims-exit-bankruptcy/

In a stunning rebuke to PG&E Corp., Gov. Gavin Newsom late Friday rejected the utility’s plan to pay Northern California wildfire victims and exit bankruptcy.

In a letter to PG&E Chief Executive Bill Johnson, California’s governor declared that the company’s proposal doesn’t go far enough to make it “positioned to provide safe, reliable and affordable service.”