California Governor Gavin Newsom said he will convene a meeting of Pacific Gas a...
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage
The new company can only happen “if we first get out of bankruptcy court,” Newsom said in a statement on Friday, without elaborating on his plans. The San Francisco-based power producer in January filed for Chapter 11 bankruptcy protection anticipating its liabilities from massive wildfires in 2017 and 2018 blamed on its equipment could top $30 billion.
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